Carolinagamer12345 Carolinagamer12345

11-01-2019
Mathematics

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An investor bought some shares at a price of £14.88 each. The price of the shares drops to £11.45. Find the percentage loss.

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jimrgrant1 jimrgrant1

11-01-2019

Answer:

23%

Step-by-step explanation:

Calculate the percentage loss as shown

percent loss = [tex]\frac{loss}{originalprice}[/tex] × 100%

loss = 14.88 - 11.45 = 3.43, hence

percent loss = [tex]\frac{3.43}{14.88}[/tex] × 100% = 23%

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