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You sell 500 shares of Coldwater Creek stock (CWTR). You purchased the stock at $2.98 per share and sold it at $0.88
per share. What was the percent decrease in the stock? Round to the nearest whole percent.

Respuesta :

Answer:

70%

Step-by-step explanation:

Given that,

Cost price of the stock = $2.98 per share

Sold price of the stock = $0.88  per share

We need to find the percent decrease in the stock. It can be done as follows :

[tex]\%=\dfrac{2.98-0.88}{2.98}\times 100\\\\=70.46\%[/tex]

or

= 70%

So, the decrease in the stock is equal to 70 %.

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