In the last half of 2015, the price of Apple, Inc. (AAPL) common stock dropped from $126.60 per share to $105.26 per share. What percent decrease is this?
A) 0.1686 percent.
B) 0.2027 percent.
C) 6.86 percent.
D) 20.27 percent.

Question

Quizplus · Accepted Answer

The percent decrease is calculated as follows:Percent decrease = (Original price - New price) / Original price * 100Percent decrease = ($126.60 - $105.26) / $126.60 * 100Percent decrease = $21.34 / $126.60 * 100Percent decrease = 0.1686 * 100Percent decrease = 16.86%

In the Last Half of 2015, the Price of Apple