Given parameters:
Amount lost on stock = $0.68
Closing value = $67.32
Unknown:
Percentage of stock decline = ?
To solve this problem, simply express the amount of decline over the closing value and multiply by 100;
Percentage of stock decline = [tex]\frac{amount of stock lost}{closing value}[/tex] x 100
Simply input the parameters and solve;
Percentage of stock decline = [tex]\frac{0.68}{67.32} x 100[/tex] = 1%
The stock declined by a percentage of 1%
