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If you bought a stock last year for a price of $27, and it has gone down 6% since then, how much is the stock worth now, to the nearest cent?

If you bought a stock last year for a price of $27, and it has gone down 6% since then, how much is the stock worth now, to the nearest cent?
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If you bought a stock last year for a price of $27, and it has gone down 6% since then, how much is the stock worth now, to the nearest cent?

asked
User Tllewellyn
by
7.7k points

1 Answer

3 votes

Answer: $25.38

1.00 - 0.06 = 0.94

27 * 0.94 = 25.38

answered
User Wolfack
by
7.9k points
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