Question

The price of a technology stock was $9.74 yesterday. Today, the price fell to $9.61. Find the percentage decrease. Round your answer to the nearest tenth of a percent.

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

The percentage decrease is 1.3 %.

Step-by-step explanation:

Given,

Original price = $ 9.74

Now, new decreased price = $9.61

Percentage decrease = ?

Price reduction in original price = $9.74 - $9.61

= $0.13

As we know, $percentage \: decrease= (\frac{price \: reduction \: in \: original \: price}{ original \: price} \times 100)$%

Therefore, substituting these values, we get:= ($0.13 / $9.74 × 100)%

= 1.334 %

= 1.3 % ( as asked above )

hence, the % decrease is 1.3%.