The price of a share in the stock exchange dropped from Rs. 62.50 to Rs. 52.50 in a week. What was the percentage decrease in the price?
Q1. The price of a share in the stock exchange dropped from Rs. 62.50 to Rs. 52.50 in a week. What was the percentage decrease in the price?
Answer: 16%
Explanation: Decrease = Rs. 10 on original Rs. 62.50; percentage = (10/62.50)×100 = 16%.