Fred buys several shares of stock at $24 per share and sells them at $21.12 per share. what is the percent of decrease in the price of the stock? a. 12.0% b. 11.5% c. 11.0% d. 10.5%

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asked Oct 8, 2018 11.2k views

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Fred buys several shares of stock at $24 per share and sells them at $21.12 per share. what is the percent of decrease in the price of the stock?

a. 12.0%
b. 11.5%
c. 11.0%
d. 10.5%

Mathematics
high-school

Sloganho asked

by Sloganho

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1 Answer

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24 × 0.12 = 2.88
24 - 2.88 = 21.12

so the percent of decrease is 12%

a. 12.0%

Slightlynybbled answered Oct 13, 2018

by Slightlynybbled

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