The stock of Company A lost $2.55 throughout the day and ended at a value of $57.45. By what percentage did the stock decline?

Answers

Answer 1

Given:

Loss = $2.55

Value of stock after loss = $57.45

To find:

The percentage by which the stock decline.

Solution:

We have,

Loss = $2.55

Value of stock after loss = $57.45

Value of stocks before loss = Value of stock after loss + loss

                                              = $57.45 + $2.55

                                              = $60

Now,

[tex]\text{Percentage by which the stock decline}=\dfrac{\text{loss}}{\text{initial value}}\times 100[/tex]

[tex]\text{Percentage by which the stock decline}=\dfrac{2.55}{60}\times 100[/tex]

[tex]\text{Percentage by which the stock decline}=4.25%[/tex]

Therefore, the stocks of the company declined by 4.25%.


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you can find it out on a calculator or on paper by dividing 2 / 5 = 0.4

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