SOLUTION: Investment: Suppose that you and 5 friends bought equal shares of an investment for a total of $12,000 and then sold it later for only $11,160. How much did each person lose?

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Question 899072: Investment: Suppose that you and 5 friends bought equal shares of an investment for a total of $12,000 and then sold it later for only $11,160. How much did each person lose?
Found 2 solutions by ewatrrr, stanbon:
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
%2812000+-+11160%29%2F5 = $168 each lost

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Investment: Suppose that you and 5 friends bought equal shares of an investment for a total of $12,000 and then sold it later for only $11,160. How much did each person lose?
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Total Loss: 12000-11160 = $840
Individual Loss: 840/5 = $168
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Cheers,
Stan H.
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