Brian, Steve, and Rita invested a total of $24,000 in a business. Each person invested the same amount. Unfortunately, in the first quarter they suffered a loss of $4,500, which they shared equally. By what amount has each individual investment changed due to the loss?

Question

Emmett

Mathematics

18 September, 06:31

Brian, Steve, and Rita invested a total of $24,000 in a business. Each person invested the same amount. Unfortunately, in the first quarter they suffered a loss of $4,500, which they shared equally. By what amount has each individual investment changed due to the loss?

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Journey · Answer 1

Each of the 3 invested $8,000. Total loss was $4,500. So the loss of each person was $1,500. So, the investment after the loss became 8000-1500=6500. Answer: $6,500.