Question

If you bought a stock last year for a price of $129, and it has gone down 5.1% since then, how much is the stock worth now, to the nearest cent?

Answer 1

See below.

Explanation:

First, you want to turn the percentage into a decimal. To do that, divide the percentage by 100.

`(5.1)/(100) =0.051`

Next, multiply the percentage by the price.

`129*.051=6.579`

`6.579` rounded to the nearest cent would be
`6.58`.

Last, you would subtract to find the answer.

`129-6.58=122.42`

Answer: $122.42

:)