The percentage of change in stock value is 0.93%
Solution:
Given that, The price of a technology stock has dropped to $9.54 today
Yesterday’s price was $9.63
We have to find the percentage decrease by Round the answer to the nearest tenth of a percent.
The percentage change is given as:
[tex]\text { percentage change }=\frac{\text { previous value }-\text { new value }}{\text { previous value }} \times 100[/tex]
By substituting the values we get,
[tex]\text { changed percentage }=\frac{9.63-9.54}{9.63} \times 100[/tex]
[tex]=\frac{0.09}{9.63} \times 100=\frac{9}{9.63}[/tex]
Changed percentage = 0.93457
Hence, the percentage of change in stock value is 0.93%
