202k views
2 votes
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

User Estefani
by
7.5k points

2 Answers

2 votes

Answer:

-$1,500

I hope this helps

User Ataraxis
by
8.0k points
0 votes

Answer:

Option C: -$1500 is the correct answer.

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 =
(Loss)/(Number\ of\ people)

Loss of each person =
(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.

User Itchydon
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories