Gavin thought he was making a good investment when he heard about an on-line grocery company. So he bought 500 shares in the company at $25 a share. The company ended up going bankrupt, and when Gavin

Gavin thought he was making a good investment when he heard about an on-line grocery company. So he bought 500 shares in the company at $25 a share. The company ended up going bankrupt, and when Gavin sold his shares they were $3.30 a share.

What was the percent decrease in the share price?
A) 13.2%
B) 86.8%
C) 113%
D) 657%
PLZ HELP

2 Answers

Gavin thought he was making a good investment when he heard about an on-line grocery company. So he bought 500 shares in the company at $25 a share. The company ended up going b…

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