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2 November, 12:14

If you bought a stock last year for a price of $142, and it has gone down 7% since then, how much is the stock worth now, to the nearest cent?

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  1. 2 November, 12:21
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    Answer:$132.06

    Step-by-step explanation:

    First find what 1% of the initial value is. To do this move the decimal place to the left two places. Doing this we ind that 1% of $142 = $1.42

    Next multiply this value by 7 in order to calculate the 7% change.

    Doing this we get $1.42 X 7 = $9.94

    Finally subtract the $9.94 from the initial value of the stock. In this case you will subtract because the stock's value went down.

    Doing this we find that $142-$9.94 = $132.06
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