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Intermediate Algebra

OPENSTAX

$Math Studyset Vaia Explanations$ Math

OER 2017 Edition · 1346 pages

ISBN: 9780998625720

Chapter 2: Q. 136 (page 130)

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

Short Answer

Expert verified

The percentage change is -2.4% . Negative sign means decrease in price of share of one stock.

Step by step solution

01

Step. 1 Given information

Initial value = $ 8.75

Final value = $ 8.54

02

Step. 2 Concept

Percentage change equals the change in value divided by the value of the original value, multiplied by 100.

03

Step. 3 Calculation

Percentage change

$= \frac{F i n a l v a l u e - I n i t i a l v a l u e}{I n i t i a l v a l u e} \times 100 = \frac{8.54 - 8.75}{8.75} \times 100 = \frac{- 0.21}{8.75} \times 100 = - 2.4$

Thus percentage change is -2.4%.

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