Question

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.

Answer 1

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%