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Elena buys several shares of stock at $28 per share and sells them at $24.50 per share. What is the percent of decrease in the price of the stock? 13.0% 12.5% 11.5% 12.0%
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Elena buys several shares of stock at $28 per share and sells them at $24.50 per share. What is the percent of decrease in the price of the stock? 13.0% 12.5% 11.5% 12.0%

User Lilzz
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2 Answers

3 votes
((24.50−28)÷28)×100
=−12.5%
User Yongjieyongjie
by
7.0k points
3 votes
It is 12,5 percent, because
28/100=0.28=1 percent
28-24.5=3.5
3.5/0.28=12.5
Enjoy
User Khadijah
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8.1k points
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