Question

Stock in Company ABC went from $26 a share to $14 a share. What is the percent of change in the price of a share of stock in the company? Round your answer to the nearest tenths place.​

Answer 1

Answer: -46.2%

Step-by-step explanation:

change = new - old = 14-26 = -12

Divide this change over the original starting price

-12/26 = -0.4615 = -46.15% approximately

That rounds to -46.2%

The negative percent change means the price has gone down.