If stock value is $45 per share, what percent decrease is required for Marci to sell at $30 a share?

Prepare for the TEAS Nursing Entrance Exam with comprehensive flashcards and multiple-choice questions. Each question is accompanied by hints and explanations to ensure you ace your test and start your nursing career.

To determine the percent decrease required for Marci to sell her stock from $45 to $30, we can use the formula for percent decrease, which is:

[

\text{Percent Decrease} = \frac{\text{Original Value} - \text{New Value}}{\text{Original Value}} \times 100

]

In this scenario, the original value is $45 and the new value is $30. First, we calculate the difference between the original and new values:

[

45 - 30 = 15

]

Next, we divide this difference by the original value:

[

\frac{15}{45} = \frac{1}{3}

]

Now, to convert this fraction into a percentage, we multiply by 100:

[

\frac{1}{3} \times 100 = 33.33%

]

Thus, the percent decrease required for Marci to sell her stock at $30 per share is 33 1/3%. This calculation reflects how the stock value has diminished from its original price to the new price, illustrating a significant reduction in value.

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