SOLUTION: The stock price of a company is $28. The stock price fell to $0.60. Which is the closest to the percent decrease in this stock price?

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Question 1012487: The stock price of a company is $28. The stock price fell to $0.60. Which is the closest to the percent decrease in this stock price?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The stock price of a company is $28. The stock price fell to $0.60. Which is the closest to the percent decrease in this stock price?
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Quantitative decrease:: 28.00 - 0.60 = 27.40
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Percent decrease:: 27.40/28.00 = 97.86%
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Cheers,
Stan H.
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