Question

Carl bought a stock for $56. He sold it a week later after its value had dropped below $30. How would you describe the size of Carl's loss

Answer 1

greater than $ 26

Explanation:

Price at which the share was bought = $56

The selling price of stock is below $30.

Therefore, the loss of carl would be greater than $56- $ 30 = $26

So, the size of loss of Carl any amount greater than $ 26.