A person sold 100 shares of stock at a loss of 40%. If the selling price for the 100 shares was $3,000, which of the following comes closest to what was paid for the stock?

Answers

Answer 1

Answer: Loss of value is calculated according to the original price.
If the shares were sold at $3,000, and this was a loss of 40%, then the purchase price x is related to the 40% loss by the equation:
(3000 - x) / x = -40%
3000 - x = -0.4x
3000 = 0.6x
x = $5000

Related Questions

Y=3/4x+5 in standard form using integers
Question #2 please. Thanks
The plates at the local restaurant have a diameter of 12.6 inches. What is the circumference of the plates?Use 3.14 for π.
Help right away what is 136 divided by 4 in long division
Give me 3 ratios that are equal to 40/50 75/100 and 21/18

Fine the area of a circle with a radius of 7 in. Write the formula, substitute, solve.

Answers

Formula: A=(pi)r^2

Substitution: A=3.14(7^2)

A=3.14(49)

Solve: A=153.86 in^2

*I personally like to use the pi sign on my calculator to multiply the radius squared by, but my keyboard did not have a pi sign. Usually, the pi sign is more exact. If you used the pi sign, your answer would be 153.94 inches^2. Hope this helps!

I have five questions I really need help with so please don't just scroll on by. I really need help so PLEASE HELP!!!!!!!!!1.Two trapeze artists are standing on top of their platforms holding their trapezes, as shown below. The two triangles formed are similar and angle A is congruent to angle B.

In the diagram, the measure of angle A = 68°, c = 35 feet, and d = 52.5 feet.

What is the measure of angle E?
A.68°
B.22°
C.85.5°
D.32°

Answers

The angle will be 22 degrees since anything bigger that 90 degrees wont work.

80% of what number is 94

Answers

It's 80% of 117.5

Hope this helps :)

there are 5 pounds of apples in one bag make a table to show how many pounds of apples are in 6 bags. how do you know your answer is reasonable

Answers

You can make a table like this:

If 1 bag=5 pounds
Then 6 bags must equal six times the weight of the first bag
5 times 6=30
Your answer is reasonable because 5+5+5+5+5+5=30

a.k.a
=5 =30

okay so we know that each bag of apples is 5 pounds and if you have 6 bags that are 5 pounds each 5 x 6 = 30 so the 6 bags are 30 pounds all together

Find the mistakes please and help me get it correct

Answers

First, I will list the factors of 80
80:
1, 2, 4, 5, 8,10,16, 20, 40, 80

Now the factors of 116:
1, 2, 4,19,58, 116

Therefore, your answer is 4. Since their highest common factor is 4

You are correct #8 is the highest number.

How many different ways can you and 5 friends sit in your assingned seats when you go to a concertplz help me25pts

Answers

One: Sit facing the front
Two: It might hurt, but sitting facing the left or right ( Right is Three, Left is Two )
Four: Sit cris cross apple sauce
Did I miss some? I dont know but those were all I could name, sorry

Other Questions

vector is flying his helicopter at 200 miles per hour. how long has he been flying if he has traveled 1,200 miles?

What is 0.06% as a decimal and a fraction

a bag contains green Marbles and purple marbles if a marble is randomly selected from the bag the probability that it is green is 0.6 and the probability that it is purple is 0.4. Dylan draws a marble from the bag, notes its color, and returns it to the bag. He does this 50 times. How many times would you expect Dylan to draw a green marble?

A hiker started her hike at 0.2 mi below sea level. At the end of her hike, she was 1.4 mi above sea level.What vertical distance did she hike?