Answer:
23.94%
Step-by-step explanation:
In 2010, Harry bought 200 shares in ford motors company stock for $35.21 per share. This means that the cost price of buying the 200 shares is:
C = 200 * 35.21 = $7042
In 2018, he sold the shares for $26.78 per share. The selling price of 200 shares is:
S = 200 * 26.78 = $5356
The loss is given as the cost price minus selling price. That is:
L = CP - SP
L = 7042 - 5356
L = $1686
Percentage loss is given as loss divided by cost price multiplied by 100:
%L = 1686 / 7042 * 100
%L = 23.94%
