SOLUTION: Suppose that you and 3 friends bought equal shares of an investment for a total of $32,000 and then sold it later for only $31,480. How much did each person lose?

Question 937481: Suppose that you and 3 friends bought equal shares of an investment for a total of $32,000 and then sold it later for only $31,480. How much did each person lose?
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
loss per person:
Lpp = (32000 - 31480)/3
Lpp = $173.33
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