Question

You sell 500 shares of Coldwater Creek stock (CWTR). You purchased the stock at $2.98 per share and sold it at $0.88

per share. What was the percent decrease in the stock? Round to the nearest whole percent.

Answer 1

70%

Explanation:

Given that,

Cost price of the stock = $2.98 per share

Sold price of the stock = $0.88 per share

We need to find the percent decrease in the stock. It can be done as follows :

`\%=(2.98-0.88)/(2.98)* 100\\\\=70.46\%`

or

= 70%

So, the decrease in the stock is equal to 70 %.