Question

The stock of Company A lost $0.68 throughout the day and ended at a value of $67.32. By what percentage did the stock decline?

Answer 1

Given parameters:

Amount lost on stock = $0.68

Closing value = $67.32

Unknown:

Percentage of stock decline = ?

To solve this problem, simply express the amount of decline over the closing value and multiply by 100;

Percentage of stock decline =
`(amount of stock lost)/(closing value)` x 100

Simply input the parameters and solve;

Percentage of stock decline =
`(0.68)/(67.32) x 100` = 1%

The stock declined by a percentage of 1%