SOLUTION: Suppose that you and 3 friends bought equal shares of an investment for a total of $24,000 and then sold it later for only $21,000. How much did each person lose?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Suppose that you and 3 friends bought equal shares of an investment for a total of $24,000 and then sold it later for only $21,000. How much did each person lose?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1087492: Suppose that you and 3 friends bought equal shares of an investment for a total of $24,000 and then sold it later for only $21,000. How much did each person lose?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
3000/4=$750 each