Question 83413
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%