Gavin thought he was making a good investment when he heard about an online grocery company. So he bought 500 shares in the company at $25 a share. The company
Mathematics
AriaCamille97
Question
Gavin thought he was making a good investment when he heard about an online grocery company. So he bought 500 shares in the company at $25 a share. The company ended up going bankrupt, and when Gavin sold his shares he only made $150 in total.
What was the percent decrease in the share price?A)1.2%
B)3%
C)82.3%
D)98.8%
i need this fast i will give brainliest
What was the percent decrease in the share price?A)1.2%
B)3%
C)82.3%
D)98.8%
i need this fast i will give brainliest
2 Answer

1. User Answers pleasehelpme6
I just had this on a quiz the answer is D) 98.8% 
2. User Answers JeanaShupp
Answer: D)98.8%
Stepbystep explanation:
Given: The price of one share when Gavin bought them= $25
Then , the price of 500 shares = [tex]\$25\times500=\$12500[/tex]
Since, Gavin sold his shares he only made $150 in total.
Therefore, the decrease in the share price =[tex]\$12500\$150=\$12350[/tex]
Now, the percent decrease in the share price is given by :
[tex]=\frac{\text{Decrease in price}}{\text{Previous Price}}\times100\\\\=\frac{12350}{12500}\times100=98.8\%[/tex]
Hence, the percent decrease in the share price = 98.8%.