Question

An investor bought some shares at a price of $4.88 each. The price of the shares dropped to $3.96. Find the percentage loss.

Answer 1

Answer:

4.88 - 3.96 = $0.92

1% of 4.88 = 0.0488

so, 0.92 ÷ 0.0488 = 18.8524

therefore the loss is 18.85%

Let's reverse check to confirm:

$4.88 - 18.85% = 3.9601 which is $3.96

so yes, its correct.

all the best! hope it was helpful!

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