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A person sold 100 shares of stock at a loss of 40%. If the selling price for the 100 shares was 3000 which of the following comes closest to what was paid for the stock
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A person sold 100 shares of stock at a loss of 40%. If the selling price for the 100 shares was 3000 which of the following comes closest to what was paid for the stock

User Elmehdi
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1 Answer

1 vote
(purchase price)*(1 -0.40) = $3000
purchase price = $3000/0.60 = $5000
User Beniamin
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