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breja

  • 2 years ago

Elena buys several shares of stock at $28 per share and sells them at $24.50 per share. What is the percent of decrease in the price of the stock

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  1. Mashy
    • 2 years ago
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    do you know how to take percentage?

  2. breja
    • 2 years ago
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    no @Mashy But im learning

  3. Mashy
    • 2 years ago
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    ok.. percentage is basically out of 100 for example. if i say i scored 9 of 10.. then if i wanna know what my percentage score is.. then all i have to do is how much would i score out of 100.. and taht comes out to 90.. so 90 percentage.. is that clear?

  4. breja
    • 2 years ago
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    yea

  5. Mashy
    • 2 years ago
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    if i tell you.. i scored 4 out of 5.. whats my percentage score?

  6. breja
    • 2 years ago
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    0.2?

  7. breja
    • 2 years ago
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    idk

  8. Mashy
    • 2 years ago
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    you do the cross multiplication 4 --- 5 ? --- 100 4 X 100 / 5.. how much does that yeild?

  9. breja
    • 2 years ago
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    80?

  10. breja
    • 2 years ago
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    @Mashy

  11. Mashy
    • 2 years ago
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    perfect.. so thats how you do cross multiplication.. let me give you one more i i say.. i scored 50% percent.. how much did i score out of 25

  12. breja
    • 2 years ago
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    ohh i see where you going okay now 24.5*100/28 right

  13. Mashy
    • 2 years ago
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    no.. the question is .. what is the percentage DECREASE??.. so first find the decrease.. then find the percentage decrease!

  14. breja
    • 2 years ago
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    ohh okay

  15. breja
    • 2 years ago
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    idk

  16. Mashy
    • 2 years ago
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    tell me how much is the decrease?

  17. breja
    • 2 years ago
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    The difference is $3.50. The percent decrease is therefore the difference divided by the original price: (3.50/28) x 100% = 12.5%???

  18. Mashy
    • 2 years ago
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    oh.. i love you :D.. correct!!

  19. breja
    • 2 years ago
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    thanks

  20. Mashy
    • 2 years ago
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    no probs!

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