Question

The price per share of a certain stock fell from $46.44 to close at $43.00. Find the percent of decrease in price. Round to the nearest tenth as needed

Answer 1

Original price: $46.44

Price after variation: $43

Variation= 46.44-43 = $3.44

46.44 x = 3.44

Solve for x:

x= 3.44/46.44

x= 0.07407

Multiply by 100:

0.074 x 100 = 7.4%