The price of a technology stock has dropped to $9.51 today. Yesterday’s price was $9.58. Find the percentage decrease. Round your answer to the nearest tenth of a percent.
For this case what you should do is the following rule of three $ 9.58 ---> 100% $ 9.51 ---> x Then, clearing x we have: x = (9.51 / 9.58) * (100)=99.3 Subtracting the result: 100-99.3 = 0.7% answer: the percentage decrease is 0.7%
