The stock market has gone down by 89.50% during the day of trading
What is percentage change?
Percentage change for a stock market is the closing stock market points minus the opening stock market points by the opening stock market points multiplied by 100%
percentage change in stock market=(closing points-opening stock points)/opening points*100%
closing stock market points=120.25( note 1/4=0.25)
opening stock market points=30.50(1/2=0.50)
percentage change in stock market=(120.25-30.50)/30.50*100%
percentage change in stock market=89.75/30.50*100%
percentage change in stock market=2.94262295082*100%
percentage change in stock market=294.26%
However, in this case of stock market points, the points are deducted from each other such that whole numbers are treated together and fractions accorded the same treatment
% change stock market=opening points-closing points
% change stock market=(30-120)+(1/2-1/4)
% change stock market=-90+1/2
% change stock market=-89.50%
In essence, the stock market has gone down by 89.50%
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