Question

=* When the stock market fell, Hayes lost 18% of the value of his stocks. The

stock was worth $2,486.95 before the loss. What was the stock worth after
?the loss

Answer 1

Approximately $2,039.30

Explanation:

Original value = $2,486.95

Value lost = 18%

100% value = $2,486.95

100% - 18% = 82% value remaining

.82 x 2,486.95 = 2039.299 or $2,039.30