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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?

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?
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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?

User Rubin Bhandari
by
8.6k points

1 Answer

3 votes
24.5 / 28 * 100 = 87.5

100% - 87.5% = 12.5%

answer: 12.5% decrease
User Demkovych
by
8.6k points
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