Answer:
40
Step-by-step explanation:
Let's use the Rule of Three Simple to answer the question this way:
Stock price Percentage
$ 15 100%
$ 9 x
15 * x = 9 * 100
15x = 900
x = 900/15
x = 60
Percentage decreased = 100 - 60
Percentage decreased = 40
The company's stock decreased 40 percent
The decrease in the stock price from $15 to $9 represents a 40% decrease. We arrived at this result by subtracting the lower price from the higher one, dividing the result by the original price and then multiplying by 100.
The question asks about how much the stock price of a company decreased from $15 per share to $9 per share. In this case, the first step is to determine the difference in the stock prices, which is $15 - $9 = $6. To find the percentage decrease, we divide this difference by the original price and multiply by 100:
($6 / $15) * 100 = 40
Therefore, the stock price decreased by 40%. It's important to understand that stock prices can fluctuate based on a variety of factors, as seen in stock market histories such as the case of Netflix, whose stock price has experienced significant changes over the years. Nevertheless, the principle of calculating the percentage decrease remains the same.
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Answer:
No, the correct answer is 7/27
Step-by-step explanation:
1/3 Multiplied by 7/9 equals 7/27, NOT 3 6/7
When you multiply fractions multiply first the Numerators (numbers on top of the fraction) and second the Denominators (numbers on the bottom of the fraction!)