Question

Axel owns stock in a company. He purchased the stock In January at a price of $250 a share. From January to February, the stock price decreased by 38% a share. From February to March, the stock price increased by 20% a share. By what percentage did the price of the stock decrease per share from January to March?

Answer 1

Answer:

25.6%

Step-by-step explanation:

Purchase price = $250 / share

Jan - feb : 38% decrease

(100 - 38)% * 250 = $155

February - March : 20% increase

(100 + 20)% * $155

120% * $155 = $186

Percentage decrease from January to March :

[(250 - 186) / 250] * 100%

(64 / 250) * 100%

0.256 * 100%

25.6%