An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $2500 and his stock in Company B was worth $6360. The stock in Company A has decreased 23% since last year and the stock in Company B has decreased 5%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST3: The Stock Market: Its Function, Performance, And Potential As An Investment Opportunity
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An investor has an account with stock from two different companies. Last year, his
stock in Company A was worth $2500 and his stock in Company B was worth $6360.
The stock in Company A has decreased 23% since last year and the stock in Company
B has decreased 5%. What was the total percentage decrease in the investor's stock
account? Round your answer to the nearest tenth (if necessary).
Transcribed Image Text:An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $2500 and his stock in Company B was worth $6360. The stock in Company A has decreased 23% since last year and the stock in Company B has decreased 5%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).
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