Question

A person sold 100 shares of a stock at a loss of 40%. If the selling price for the 100 shares was $3,000, which of the following comes closest to what was paid for the stock?

Answer 1

A person sold 100 shares of a stock at a loss of 40%.

selling price for the 100 shares was $3,000

Let the stock was bought at $x then we can write

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Hence Amount paid for the Stock was $5000