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?

a-$8,000
b-$3,500
c-$1,500
d+$1,500

Question

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?

a-$8,000
b-$3,500
c-$1,500
d+$1,500

Vocaloid · Answer

when it comes to finance you may consider a loss as a negative amount (eliminating choice D)

they lose 4,500 divided among three people
so simply divide 4,500 by 3