Question

You bought shares for $400 but made a loss of 20% when you sold them.
how much did you lose?

Answer 1

Answer:320

Step-by-step explanation 20% = 1/5 so you subtract one fifth of 400 which is 80 to get 320

Answer 2

$80

Explanation:

If you bought shares for $400 and made a loss of 20% when you sold them, then you lost 20% of $400, which is:

$400 x 0.20 = $80

So you lost $80 when you sold the shares.

Therefore, the amount you sold the shares for would be:

$400 - $80 = $320.