Answer:
The answer is A
Step-by-step explanation:
4.53 - 4.06 = .47
.47 is 10.4% of 4.53
Option A,-10.4% is the rate of change of stock XYZ for this particular week.
How to find percentage change?
Step 1: Calculate the change (subtract old value from the new value)
Step 2: Divide that change by the old value (you will get a decimal number)
Step 3: Convert that to a percentage (by multiplying by 100 and adding a "%" sign)
Note: when the new value is greater then the old value, it is a percentage increase, otherwise it is a decrease.
Finding percentage change
We have given,On Monday, stock XYZ opened at $4.53 which is the initial value or old value
On Friday, it closed at $4.06,which will be final value or new value.
First calculate, difference between the two value using,
Change=final value-initial value
Change=4.06-4.53
Change=-0.47
Now divide the change by initial value.
=-0.47/4.06
=-0.104
Now convert it to a percentage (by multiplying by 100 and adding a "%" sign)
=-0.104×100 %
=-10.4%
Learn more about percenatge change:
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