The price of a technology stock was $9.74 yesterday. Today, the price fell to $9.67. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Question

asked Oct 7, 2019 77.2k views

1 Answer

Branco Medeiros · Answer 1 · 2019-10-10T20:17:52+0000

% change = (new value - old value)/(old value) * 100%
.. = (9.67 -9.74)/9.74 * 100%
.. = -0.07/9.74 * 100%
.. = -0.7%

The decrease is 0.7%.