Selena buys several shares of stock at $32 per share and sells them at $28. 32 per share. What is the percent of decrease in the price of the stock? 12. 0% 11. 5% 11. 0% 10. 5%.

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11-02-2022
Mathematics

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Selena buys several shares of stock at $32 per share and sells them at $28. 32 per share. What is the percent of decrease in the price of the stock? 12. 0% 11. 5% 11. 0% 10. 5%.

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bhoopendrasisodiya34 bhoopendrasisodiya34 · Answer 1 · 2022-02-17T14:44:16+01:00

The total percent of decrease in price of the shares of Selena's stock which Selena first buys and then sold is 11.5 percent.

What is percentage decrease?

Percentage decrease in a number is the ratio of total decrease in the original value of a number to the decreased value in the percentage form.

Given information-

The total stock buy by the Selena in $32.

The total stock sold by the Selena in $28.32.

As the total stock buy by the Selena in $32, and the total stock sold by the Selena in $28.32. Thus the total decrease in the price of stock is,

[tex]C_s=32-28.32\\C_s=3.68[/tex]

Thus the total decrease in the price of stock is $3.68.

As the cost price of the stock is $32 and the total decrease in the price of stock is $3.68. Thus the total percent of decrease in the price of the stock is,

[tex]\Delta C_s=\dfrac{3.68}{32}\times100\\\Delta C_s=11.5[/tex]

Thus the total percent of decrease in the price of the stock is 11.5 percent.

Learn more about the percentage decrease here;

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