Given:
Loss = $2.55
Value of stock after loss = $57.45
To find:
The percentage by which the stock decline.
Solution:
We have,
Loss = $2.55
Value of stock after loss = $57.45
Value of stocks before loss = Value of stock after loss + loss
= $57.45 + $2.55
= $60
Now,
[tex]\text{Percentage by which the stock decline}=\dfrac{\text{loss}}{\text{initial value}}\times 100[/tex]
[tex]\text{Percentage by which the stock decline}=\dfrac{2.55}{60}\times 100[/tex]
[tex]\text{Percentage by which the stock decline}=4.25%[/tex]
Therefore, the stocks of the company declined by 4.25%.
