Question

The stock price of a company was $35. The stock price fell to $28. Which is the closest to the percent decease in this stock price?

Answer 1

20%

Explanation:

First, subtract the new value from the original value to find the difference between the two.

35 - 28 = 7

Next, divide the difference by the original amount.

7 / 35 = 0.2

Then, multiply by 100.

.2 x 100 = 20%

We now know that the decrease was 20%

Answer 2

Subtract the new value from original value to find the difference:

35 - 28 = 7

Divide the difference by the original amount and multiply by 100:

7/35 = 0.2 x 100 = 20%

The decrease was 20%