if you bought a stock last year for a price of $53, and it has gone down 8% since then, how much is the stock worth now, rounded to the nearest cent?

To find the current price of the stock after it has decreased by 8%, we can follow these steps:

1. **Determine the percentage decrease in the stock price:**
   \[
   \text{Decrease} = \text{Original Price} \times \

Learn how to calculate the current value of a stock that has decreased by 8% from its original price of $53. This problem involves basic arithmetic operations and percentage calculations. Suitable for Grades 6-8 students.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation