SOLUTION: The value of a share of stock decreased from $24.50 to $22.05. What was the percent of decrease ?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The value of a share of stock decreased from $24.50 to $22.05. What was the percent of decrease ?      Log On


   



Question 609661: The value of a share of stock decreased from $24.50 to $22.05. What was the percent of decrease ?
Answer by stanbon(75887) About Me  (Show Source):
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The value of a share of stock decreased from $24.50 to $22.05. What was the percent of decrease ?
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Quantity Decrease: 24.50-22.05 = 2.45
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Percent Decrease: 2.45/24.50 = 10%
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Cheers,
Stan H.