3 years ago

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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