Gavin thought he was making a good investment when he heard about an on-line 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 they were $3.30 a share.

What was the percent decrease in the share price?
A)
13.2%
Eliminate
B)
86.8%
C)
113%
D)
657%

Question

Gavin thought he was making a good investment when he heard about an on-line 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 they were $3.30 a share. 

What was the percent decrease in the share price?
A)
13.2%	
Eliminate
B)
86.8%	
C)
113%	
D)
657%

anonymous · Answer

B) 83.8%
Because you can't go over 100% or else he will have to own them