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Lerok [7]
3 years ago
8

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.

Mathematics
1 answer:
frozen [14]3 years ago
3 0

Answer:

23%

Step-by-step explanation:

Calculate the percentage loss as shown

percent loss = \frac{loss}{originalprice} × 100%

loss = 14.88 - 11.45 = 3.43, hence

percent loss = \frac{3.43}{14.88} × 100% = 23%


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Step-by-step explanation:

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