Question

The price of a technology stock was $9.79 yesterday. Today, the price fell to $9.66. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

Answer: 1.3%

Explanation:

The percentage decrease can be found using the formula:

percentage decrease = [(original value - new value) / original value] x 100%

Substituting the given values:

percentage decrease = [(9.79 - 9.66) / 9.79] x 100%

percentage decrease = 1.33%

Rounding to the nearest tenth of a percent, the percentage decrease is 1.3%.

Answer 2

Answer: hope this helps ♡

The percentage decrease is 1.33%.

Explanation:

Percentage decrease: dividing the value by the total value and then multiplying it by 100

Total value: $9.79 Value: $9.79 - $9.66 = 0.13

`(0.13*100)/(9.79)` =

(0.13 × 100) ÷ 9.79 =

13 ÷ 9.79 =

1.32788559755 ≈ 1.33%