SOLUTION: Word problem : I need help on trying to figure out this problem Sam brought shares of a stock valued at $48.5. If the stock price dropped to $30.24, find the percent decreases

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Question 858528: Word problem : I need help on trying to figure out this problem
Sam brought shares of a stock valued at $48.5. If the stock price dropped to $30.24, find the percent decreases in value of the stock ( round to nearest tenth of a percent )

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The AMOUNT of the decrease is:
+48.5+-+30.24+=+18.26+
The FRACTION of the decrease is:
+18.26+%2F+48.5+=+.37649+
The PER CENT of the decrease is:
+.37649%2A100+=+37.64+
37.6%