A stock's price decreased from $80 to $64. What is the percentage decrease?

₹0.0

Question: A stock\'s price decreased from $80 to $64. What is the percentage decrease?

Options:

Correct Answer: 25%

Solution:

Percentage Decrease = [(Old Price - New Price) / Old Price] * 100 = [(80 - 64) / 80] * 100 = 20%.

A stock's price decreased from $80 to $64. What is the percentage decrease?

A stock's price decreased from $80 to $64. What is the percentage decrease?

Step 1: Identify the old price of the stock, which is $80.
Step 2: Identify the new price of the stock, which is $64.
Step 3: Calculate the decrease in price by subtracting the new price from the old price: 80 - 64.
Step 4: The result of the subtraction is 16, which is the amount the price decreased.
Step 5: To find the percentage decrease, divide the decrease (16) by the old price (80): 16 / 80.
Step 6: The result of the division is 0.2.
Step 7: To convert this to a percentage, multiply by 100: 0.2 * 100.
Step 8: The final result is 20%, which is the percentage decrease.

Percentage Decrease – The calculation of how much a value has decreased in relation to its original value, expressed as a percentage.