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An investor bought 200 shares of stock in ABCD company in 1990. By 1992, the investment was worth only 2/3 of its original value
An investor bought 200 shares of stock in ABCD company in 1990. By 1992, the investment was worth only 2/3 of its original value
admin
2017-11-11
106
问题
An investor bought 200 shares of stock in ABCD company in 1990. By 1992, the investment was worth only 2/3 of its original value. By 1995, the 200 shares were worth only 1/2 of their value in 1990. By what percent did the value of the investment drop from 1992 to 1995?
选项
A、
B、
C、
D、
E、
答案
B
解析
This may be easiest to approach by plugging in actual values. If the 200 shares were worth $300 in 1990, then they were worth only $200 in 1992 (2/3) and $150 in 1995 (1/2). A loss of $50 from $200 is a 25% drop.
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