Given that last year stock for company A was $7200 The stock for company B last year was worth $3510 Stock in company A decreased by 24% This means the new value of stock for company A became; (100-24)/100 *$7200 76/100*$7200 0.76*7200 =$5472 Stock in company B decreased by 20% This means the new value of stock for company B became; (100-20)/100 *$3510 80/100*$3510 0.8*$3510 $2808 Original investors stock value was = $7200+$3510 =$10710 New investors stock value is = $5472+$2808=$8280 Decrease in value of stock = $10710-$8280 =$2430 percentage decrease in stock value = decrease in stock/original value of stock *100% =2430/10710 *100 =22.689 =22.7%
Someone else had the same problem answered So here it is
