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

23%

Explanation:

Calculate the percentage loss as shown

percent loss =
`(loss)/(originalprice)` × 100%

loss = 14.88 - 11.45 = 3.43, hence

percent loss =
`(3.43)/(14.88)` × 100% = 23%