Question

Brian, Steve, and Rita invested a total of $24,000 in a business. Each person invested the same amount. Unfortunately, in the first quarter they suffered a loss of $4,500, which they shared equally. By what amount has each individual investment changed due to the loss?
A.
-$8,000
B.
-$3,500
C.
-$1,500
D.
+$1,500

Answer 1

Answer:

Option C: -$1500 is the correct answer.

Step-by-step explanation:

Given that:

Total amount invested in business = $24,000

Loss suffered in first quarter = $4500

As the amount is shared by Brian, Steve and Rita equally, therefore,

Loss of each person = $\frac{Loss}{Number\ of\ people}$

Loss of each person = $\frac{4500}{3} = \ 1500$

As loss is defined by decrease in the investment,

Loss of each person = -$1500

Hence,

Option C: -$1500 is the correct answer.