Question #cd5b3

1 Answer
Jul 31, 2017

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%.