Question #cd5b3

1 Answer
Jul 31, 2017

Answer:

See a solution process below:

Explanation:

The formula for calculating the percent change in a value between two points in time is:

#p = (N - O)/O *100#

Where:

#p# is the percent change - what we are solving for in this problem.

#N# is the New Value - $36.00 per share in this problem.

#O# is the Old Value - $90.00 per share in this problem.

Substituting and solving for #p# gives:

#p = (36 - 90)/90 * 100#

#p = -54/90 * 100#

#p = -5400/90#

#p = -60#

The stock changed by -60% or decreased by 60%.