Question

The price of a share of one stock fell from \(8.75 to \)8.54. Find the percent decrease.

Short answer

The percent decrease in the price of a share of one stock is 2.5%.

Step-by-step solution

Step. 1 Given Information

The old price of a share of one stock is $8.75.

The new price of a share of one stock is $8.54.

Step. 2 Percentage calculation

The change in the price of a share of one stock is $8.75 - $8.54 = $0.21

Now the percent increase is calculated as follows:

$$\begin{gathered} =\frac{Totalchangeintheprice}{Oldpriceofashare}\times 100\% \\ =\frac{-0.21}{8.75}\times 100\% \\ =-0.024\times 100\% \\ =-2.4\% \end{gathered}$$

This negative sign shows that the change is negative and it is percent decrease.

Therefore, 2.4% will be the percent decrease.