Question

I don't understand this question.Did the stock increase or decrease in value over the last month? By how much?

Answer 1

SOLUTION

Looking at the previous month's balance we can see 147.87 and the last month, the balance is 146.64

So the stock value decreased

And it decreased by 147.87 - 146.64 = 1.23

So it decreased by 1.23

Percent decrease can be calculated as follows

$\begin{gathered} \text{Percent decrease = }\frac{\text{decrease}}{\text{original value }}\times\frac{100}{1} \\ \\ \text{Percent decrease = }\frac{1.23}{\text{147.87 }}\times\frac{100}{1} \\ \\ \text{Percentage decrease = 0.83\%} \end{gathered}$