What is the net percentage change in the index for the two days?
On Monday a stock market index goes up 5.00%. On Tuesday, it goes down 5.00%. What is the net percentage change in the index for the two days?
on monday the index goes up 5%, meaning the price is 105% of initial price.
on tuesday it goes down 5%, so the price is 95% of monday price
95% x (105% initial price) = 99.75% initial price
net percentage = 0.25%
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Nordstrom's 1Q profit rises 2.7 percent
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Percentage Net - News
Nordstrom's 1Q profit rises 2.7 percent
By ANNE D'INNOCENZIO Upscale retailer Nordstrom Inc. said its first-quarter net income rose a slim 2.7 percent as it spent more on free shipping and other initiatives that boosted sales but squeezed its profit margin. The earnings fell short of Wall
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