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GMAT Problem Solving (PS) | Re: At the start of trading on a particular day the price of stock x is $5

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Percentage decrease in the price is given as: \(\frac{Change}{Initial Price}\)*100
Initial Price= 5
Final Price= 4
Change in price= 1
= \(\frac{1}{5}\)*100
= 20%

Answer: E.

Kudos please if you like my explanation!

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