Question

If I have 20 shares of a stock worth a total value of 440.80 what is the price per share of the stock?

If my total value dcreases by 6% what is it now?

Answer 1

The price per share of the stock is 22.04. If the total value decreases by 6% the price becomes 20.71.

Explanation:

440.80/20= 22.04

100-6= 94%

0.94 x 440.80= 414.35

414.35/20= 20.71