Question : If the value of a company's stock drops from Rs. 25 per share to Rs. 21 per share, the percentage decrease per share is:
Option 1: 4
Option 2: 8
Option 3: 12
Option 4: 16
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Correct Answer: 16
Solution :
The initial value of the stock is Rs. $25$ per share.
The final value of the stock is Rs. $21$ per share.
Decrease in percentage = $\frac{\text{Initial value –Final value}}{\text{Initial value}}\times100$
= $\frac{25 –21}{ 25}×100$
= $\frac{400}{ 25}$
= 16%
Hence, the correct answer is 16.
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