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27 March, 14:52

A person sold 100 shares of a stock at a loss of 40%. If the selling price of the 100 shares was $3000, which of the following comes closest to what was paid for the stock? a. $4200 b. $4800 c. $5000 d. $7500

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Answers (2)
  1. 27 March, 15:19
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    So let's set up an equation:

    x-.4x=3000

    , where x is the original price of the stock (which is what you want to find)

    we subtract. 4x since the. 4x is denoting that 40% of the original price was taken away from the original value (x) which then equals 3000

    So,

    .6x=3000

    x=3000/.6

    x=5000
  2. 27 March, 16:50
    0
    The answer is C) $5000

    If you multiply 5000 by 40% or. 40 that will give you the amount will be lost which is 2000. 5000 - 2000 = the total amount $3000.
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