Unfortunately, Mark’s share of GUAC stock lost another $20.88 in value each month for the next 3 months. If the previous share price of GUAC was $348, and the stock lost an equal amount each month, what was the average percentage change each month?

The average percent change each month will be = 6.4%

Step-by-step explanation:

In the first month, the price was $348 and the decrease in value is $20.88.

So, the percent change in value is .

Now, in the second month, the price was $(348 - 20.88) = $327.12 and the decrease in value is $20.88.

So, the percent change in value is .

Again, in the third month, the price was $(327.12 - 20.88) = $306.24 and the decrease in value is $20.88.

So, the percent change in value is

Therefore, the average percent change each month will be = (Answer)

8

step-by-step explanation:

this is a subtraction problem.

10 - 2 = 8