SOLUTION: I am trying to figure out gain and losses. For example, if I bought a stock @ $103.59 and it dropped to $93.23, what percentage is that loss?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: I am trying to figure out gain and losses. For example, if I bought a stock @ $103.59 and it dropped to $93.23, what percentage is that loss?      Log On


   

Question 83413: I am trying to figure out gain and losses. For example, if I bought a stock @ $103.59 and it dropped to $93.23, what percentage is that loss?
Answer by Earlsdon(6294) About Me  (Show Source):
You can put this solution on YOUR website!
To find the percentage of loss/gain, first find the dollar loss/gain.
Present value - cost = loss/gain
$93.23 - $103.59 = -$10.36 This is the dollar loss (it's negative).
Now divide this dollar loss by the cost and multiply by 100 to find the percent of loss.
(-$10.36/$103.59) X 100 = -10% or a loss (negative) of 10%