Kinley22
contestada

The price of a technology stock has dropped to $9.54 today. Yesterday's price was $9.61 . Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Respuesta :

kudzordzifrancis
[tex]Percentage \: decrease = \frac{decreas \: in \: price}{Original \: price} \times 100[/tex]

Yesterday's price is the original price or the old price.

[tex]Percentage \: decrease = \frac{9.61 - 9.54}{9.61} \times 100[/tex]

[tex]Percentage \: decrease = \frac{0.07}{9.61} \times 100[/tex]

[tex]Percentage \: decrease = \frac{700}{961} = 0.728[/tex]%

Rounding to the nearest tenth means round to one decimal place.

This will give us,

0.7% decrease in price.

Therefore between yesterday and today, there was a 0.7 percentage decrease in price.

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