a companys stock was selling at $35 a share. a month later, it is selling at $14 a share. what is the…

a companys stock was selling at $35 a share. a month later, it is selling at $14 a share. what is the percent change? ?%

a companys stock was selling at $35 a share. a month later, it is selling at $14 a share. what is the percent change? ?%

Answer

Explanation:

Step1: Calculate the change in price

The initial price is $35 and the final price is $14. The change in price is $14 - 35=- 21$.

Step2: Calculate the percent - change formula

The percent - change formula is $\text{Percent Change}=\frac{\text{Change in Value}}{\text{Initial Value}}\times100%$. Substitute the change in value (-21) and the initial value (35) into the formula: $\frac{-21}{35}\times100%$.

Step3: Simplify the expression

$\frac{-21}{35}=-0.6$, and $-0.6\times100%=-60%$.

Answer:

-60%