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The stock of Company A lost $4.86 throughout the day and ended at a value of $103.14. By what percentage did the stock decline? Answer:

The stock of Company A lost $4.86 \$ 4.86 throughout the day and ended at a value of $103.14 \$ 103.14 . By what percentage did the stock decline?\newlineAnswer:

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Q. The stock of Company A lost $4.86 \$ 4.86 throughout the day and ended at a value of $103.14 \$ 103.14 . By what percentage did the stock decline?\newlineAnswer:
  1. Calculate Initial Value: To find the percentage decline, we need to know the initial value of the stock before the decline. We can calculate this by adding the loss to the final value.\newlineInitial value of stock = Final value + Loss\newline= $103.14\$103.14 + $4.86\$4.86\newline= $108.00\$108.00
  2. Calculate Percentage Decline: Now that we have the initial value, we can calculate the percentage decline using the formula:\newlinePercentage decline = (Loss/Initial value)×100%(\text{Loss} / \text{Initial value}) \times 100\%\newline= ($4.86/$108.00)×100%(\$4.86 / \$108.00) \times 100\%
  3. Perform Calculation: Perform the calculation to find the percentage decline.\newlinePercentage decline = (4.86/108)×100(4.86 / 108) \times 100\newline= 0.045×1000.045 \times 100\newline= 4.5%4.5\%

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