Question

Mr. Buckle bought shares of ABC Company stock at $36.75 per share and sold them at $34.50 per share. To the nearest percent what was the percent of change in the stock price?

Answer 1

The percent of change in the stock price after Mr. Buckle sold his shares is -6%, calculated by the formula for percent of change using the original and new stock prices. To find the percent of change in stock price, we need to calculate the difference between the initial price and the final price, and then divide that by the initial price.

Step-by-step explanation:

The question is about calculating the percent of change in the stock price after Mr. Buckle bought and then sold shares of a company. To find the percent of change, use the formula:

Percent of Change = [(New Value - Original Value) / |Original Value|] × 100%

In this case, Mr. Buckle bought the stock at $36.75 and sold at $34.50. The percent of change is therefore:

Percent of Change = [($34.50 - $36.75) / $36.75] × 100%

This calculation results in:

Percent of Change = [(-$2.25) / $36.75] × 100%

Percent of Change = -6.12%

To the nearest percent, the percent of change in the stock price is -6%.