Question

The stock of Company A lost $4.17 throughout the day and ended at a value of

$100.08. By what percentage did the stock decline?
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Answer:
attempt 1 out of 2
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Answer 1

4%

Explanation:

After losing 4.17, it came down to 100.08, so the opening price was:

100.08 + 4.17 = 104.25

To find percentage decline, we find the ratio of the "change" (which is 4.17) divided by the opening (original) price, which is 104.25. Then we multiply that fraction by 100 to get our percentage decline.

So,

`(4.17)/(104.25)*100=4`

Thus, the

percentage decline = 4%