a companys stock was selling at $28 a share. a month later, it was selling at $21 a share. what is the…
a companys stock was selling at $28 a share. a month later, it was selling at $21 a share. what is the percent loss? ?%
Answer
Explanation:
Step1: Calculate loss amount
$28 - 21=7$
Step2: Calculate percent - loss
Percent loss = $\frac{\text{Loss amount}}{\text{Original price}}\times100%=\frac{7}{28}\times 100%$ $\frac{7}{28}\times100% = 0.25\times100%=25%$
Answer:
25%