Question

If you bought a stock las year for a price of $27, and it has gone down 6% since then,

how much is the stock trth now, to the nearest cent?

Answer 1

Explanation:

Convert percent to decimal:

6%=6/100=0.06

Percent formula:

a(1-r)

27(1-0.06)

27(0.94)

25.38

New stock price:

$25.38

Answer 2

433.3333

Explanation: