Question

the price of a technology stock was $9.62 yesterday. today, the price fell to $9.51. find the percentage decrease. round your answer to the nearest tenth of a percent.

Explanation:

Step1: Calculate price change

$\$9.62 - \$9.51 = \$0.11$

Step2: Find percentage decrease

$\frac{0.11}{9.62} \times 100\%$

Step3: Compute and round result

$1.14345...\% \approx 1.14\%$

Answer:

$1.14\%$