Question

On May 21, the opening price for a share of CrossTrain 908 Gyms was $ 15.04. At the end of the day the last price for a share was $ 9.78. What percent change is represented between the open and close prices?

Answer 1

$15.04 ---> 100%

$5.26 ---> x

change is $15.04 - $9.78 = $5.26

then

$\begin{gathered} 15.04\times x=5.26\times100 \\ 15.04x=526 \\ \frac{15.04x}{15.04}=\frac{526}{15.04} \\ x=34.97 \end{gathered}$

answer: 35%