Q. If you bought a stock last year for a price of $125, and it has gone down 14% since then, how much is the stock worth now, to the nearest cent?Answer:
Calculate Percentage Decrease: Determine the percentage decrease in the stock's value.The stock has gone down by 14%.To find the decreased amount, calculate 14% of the original price ($125).Percentage decrease = 14% of $125= 0.14×$125= $17.50
Calculate New Value: Calculate the new value of the stock after the decrease.Subtract the decrease from the original price to find the new value.New value = Original price - Decrease= $125 - $17.50= $107.50
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