Problema Solution
Five years after paying $3100 for share in a startup company, you sell the shares for $2200 (at a loss).
Answer provided by our tutors
Initial Value = $3100
Final value = $ 2200
Loss Percent = ( (Final Value - Initial Value) / Initial Value ) * 100
= (( 2200 - 3100 ) / 3100 ) * 100
= ( 900 / 3100 ) * 100 = 29.03 %