Question

The price of a technology stock was $9.69 yesterday. Today, the price fell to $9.56. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

1.3% decrease

Explanation:

% change = (9.69 - 9.56) / 9.69) x 100 = 1.3% decrease

9.69-9.56 = 0.13

0.13/0.69= 0.0134158972

Multiply by 100 and you get 1.34158927

Round to nearest tenth and you get = 1.3%

Therefore, the percentage decrease is 1.3