SOLUTION: Jane invested $2,500 in a stock. Recently, the value of the stock was only $2300. What was the percentage decrease

SOLUTION: Jane invested $2,500 in a stock. Recently, the value of the stock was only $2300. What was the percentage decrease

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Question 873447: Jane invested $2,500 in a stock. Recently, the value of the stock was only $2300. What was the percentage decrease
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Change in Price: 2500 - 2300 = 200

Divide this change by the original: 200/2500 = 2/25 = 8/100 = 0.08

Multiply by 100 to convert to a percentage: 0.08*100 = 8%

The percentage decrease is 8% (it lost 8% of its value)
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