Question

During 2003, a share of stock in Coca-Cola Company sold for $39. Michelle bought 300 shares. During 2008, the price hit $56 per share, but she decided to keep them. By 2016, the price of a share had fallen to $44, and she had to sell them because she needed money to buy a new home. Express the decrease in price as a percent of the price in 2008. Round to the nearest tenth of a percent.

Answer 1

Answer: 21.4%

Step-by-step explanation: Find the decrease in price per share from 2008 to 2016

=$56- $44

=$12 decrease

Divide by the price per share in 2008

=$12/$56

=0.2142

=21.4% decrease