Question

the price of a technology stock has dropped to $9.65 today. yesterday's price was $9.72 . find the percentage decrease. round your answer to the nearest tenth of a percent.

Answer 1

To answer the question above, subtract the price today, $9.65, from the price yesterday, $9.72. Divide the difference by the price yesterday and multiply by 100%. This is shown below,
((9.72 - 9.65) / 9.72) x 100% = 0.72%
Thus, the price decreased by approximately 0.7%.