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The price of a technology stock has dropped to $9.71 today. Yesterday's price was $9.80. Find the percentage decrease.

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Absor201idn

Answer:

The percentage decrease = 0.9%

Step-by-step explanation:

  • Initial value = $9.80
  • Final value = $9.71

Using the formula

Percentage Decrease = [ (Initial Value - Final Value) / |Initial Value| ] × 100

                                    = [(9.80 - 9.71 ) / (9.80)] × 100

                                    = [0.09 / 9.80] × 100

                                    = 0.009 × 100  

                                    = 0.9%

Therefore, the percentage decrease = 0.9%

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