Question

Sylvia Corporation's last trade was $29.77 and its previous quiz was $28.35. What is the percentage change in stock price?

Answer 1

P= percent change

The new number is lower than the original, so we need to use a % decrease formula.

P=[(original#-new#) ÷ original #] x 100

P= [(29.77-28.35)/29.77] x 100
P= (1.42/29.77) x 100
P= 0.047747 x 100
P= 4.77% decrease

Hope this helps! :)