Question

[20 points] Percent Math Question

Please help!!!!!!!!!


If you bought a stock last year for a price of $37, and it has gone down 11% since then, how much is the stock worth now, to the nearest cent?

Answer 1

$32.93

Explanation:

Stock price has decreased by 11% from $37.

So we need to subtract 11% of 37 FROM 37.

What is 11% of 37?

`(11)/(100)*37=4.07`

Now we need to SUBTRACT 4.07 from 37.

37 - 4.07 = 32.93

The stock is worth $32.93 now.