Elena bought shares of stock at $28per share and sold them at $24.50per share.what was the percent of her loss

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Elena bought several shares of stock at $28 per share and sold them at $24.50 per share. What was the percent of her loss?

2007-01-26 11:10:47 · 4 answers · asked by mike 1 in Science & Mathematics ➔ Mathematics

12.5% loss

(24.50 - 28.00) / (28.00) = -3.50/28.00 = -.125

2007-01-26 11:13:13 · answer #1 · answered by Mark P 5 · 0⤊ 0⤋

Loss per share =$3.50
So the % loss =(3.50/28)*100=12.5 Answer.

2007-01-26 19:22:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋

(28 - 24.50)/(28) * 100

(3.5/28) * 100 = (35/280) * 100 = (3500/280) = (350/28) = 12.5%

ANS : 18% loss

2007-01-26 23:25:34 · answer #3 · answered by Sherman81 6 · 0⤊ 0⤋

subtract 24.50 from 28
take the answer of 3.5/28
divide 3.5 by 28= .125is equivalent to 12.5%

2007-01-26 19:26:33 · answer #4 · answered by Dave aka Spider Monkey 7 · 0⤊ 0⤋