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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:

If you bought a stock last year for a price of $125 \$ 125 , and it has gone down 14% 14 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:

Full solution

Q. If you bought a stock last year for a price of $125 \$ 125 , and it has gone down 14% 14 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:
  1. Calculate Percentage Decrease: Determine the percentage decrease in the stock's value.\newlineThe stock has gone down by 14%14\%.\newlineTo find the decreased amount, calculate 14%14\% of the original price ($125\$125).\newlinePercentage decrease = 14%14\% of $125\$125\newline= 0.14×$1250.14 \times \$125\newline= $17.50\$17.50
  2. Calculate New Value: Calculate the new value of the stock after the decrease.\newlineSubtract the decrease from the original price to find the new value.\newlineNew value = Original price - Decrease\newline= $125\$125 - $17.50\$17.50\newline= $107.50\$107.50

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