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PLZ HELP The price of a technology stock was 9.83 yesterday. Today, the price fell to 9.72 . Find the percentage decrease. Round your answer to the nearest tenth of a percent. @…

PLZ HELP The price of a technology stock was 9.83 yesterday. Today, the price fell to 9.72 . Find the percentage decrease. Round your answer to the nearest tenth of a percent. @…
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PLZ HELP

The price of a technology stock was 9.83
yesterday. Today, the price fell to 9.72
. Find the percentage decrease. Round your answer to the nearest tenth of a percent.


@nilbert

asked
User Felicity
by
8.3k points

1 Answer

6 votes
The percentage change can be found from
percent change = ((new value)/(original value) - 1) × 100%
For your numbers, that is
percent change = ((9.72/9.83) - 1) × 100% = -0.01119... × 100%

The decrease in value is about 1.12%
answered
User Hristo
by
8.0k points
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