Question

The stock of Company A lost $1.18 throughout the day and ended at a value of

$28.32. By what percentage did the stock decline?

Answer 1

the percentage did the stock decline is 4%

Explanation:

The computation of the percentage did the stock decline as follows:

= Lost value ÷ original price

= $1.18 ÷ ($1.18 + $28.32)

= $1.18 ÷ $29.50

= 4% decline

Hence, the percentage did the stock decline is 4%