If you bought a stock last year for a price of $94, and it has gone down 19% since then, how much is the stock worth now, to the nearest cent?

Question

what could be the answer

 

Answer 1

I recommend that you study the following answer, because this topic is fairly basic.

A drop of 19% means that 81% of the original value remains.

So you just multiply $94 by 0.81 and there's the answer.