Question

Category: nr percentages

question_id: 5782
Alex is really upset. He invested a lot of money in shares and only has $72,800 left of his original
investment. His shares dropped in value by 35% in 4 days. What amount did Alex pay for his shares
to being with?

Answer 1

Let's start by using algebra to solve for the original amount that Alex paid for his shares.

Let X be the original amount that Alex paid for his shares.

We know that his shares dropped in value by 35%, so after the drop, he had 65% of his original investment left:

0.65X = $72,800

Solving for X:

X = $72,800 / 0.65

X = $112,000

Therefore, Alex paid $112,000 for his shares to begin with.

Answer 2

Let X be the original amount that Alex paid for his shares.

After a 35% drop in value, Alex's shares are worth 65% of their original value.

So, we can write the equation:

0.65X = 72800

Solving for X, we divide both sides by 0.65:

X = 72800 / 0.65

X ≈ $112,000

Therefore, Alex paid around $112,000 for his shares to begin with.