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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

=Finalvalue-InitialvalueInitialvalue脳100=8.54-8.758.75脳100=-0.218.75脳100=-2.4

Thus percentage change is -2.4%.

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