Question

If you bought a stock last year for a price of $66, and it has gone down 13.9% since then, how much is the stock worth now, to the nearest cent?

Answer 1

The stock worth now, to the nearest cent, is $58.14.

How to find the current worth of stock?

The current worth of stock = initial price of stock+increase in the price of stocks

If you bought stock last year for a price of $66, and it has gone down 13.9% since then,

Let X be the worth of stock;

66 ×  100 = (13.5% + 100%) × X

6600 = 113.5X

X = 6600/113.5

X = 58.14458

X = $58.14

Hence, The stock worth now, to the nearest cent is $58.14.

Learn more about the stock;

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