The price of us tys stock fell from $35.76 to $ 29.24 . What is the percent of decrease in price?

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Mandy Clark Profile
Mandy Clark answered
One REALLY easy method of percent of change is old-new/old. So this is how you do it...
I DID NOT make that up myself. My math teacher is a ''mathematician" so he taught his honors kids that. Wow I can't believe I remember that! I thought my brain would be mush by now, since I haven't even thought of the word school all summer. Lol hope that helps
thanked the writer.
Oddman commented
Correct in every way, except for the fact that you left off the necessary parentheses. (35.76 - 29.24) / 35.76 * 100% = 18.2326622%
Oddman commented
The "drop" is calculated the way you have done. If you want the "change" (with sign), you use the formula (new - old)/old*100%. This will give you a change of -18.2%. Because it has a negative sign, you interpret it as a drop in price by that percentage.

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