The Dow Jones Industrial Average fell 2% presently. The Dow began the day at 8,800. What was the Dow at the end of the day after the 2% drop?
The Dow lost 2%, so it is worth 98% of what it was worth at the starting of the day (100% - 2% = 98%). To ?nd out 98% of 8,800, multiply 8,800 through the decimal equivalent of 98%; 8,800 × 0.98 = 8,624.