The share value of Rip-off Technologies has dropped this year by 85%, to a new low of $7.50 per share. How much money has been lost per share?
A) $42.50
B) $63.75
C) $8.82
D) $92.50
E) $15.00

Question

Quizplus · Accepted Answer

The original price of the share before dropping 85% to $7.50 can be calculated by dividing $7.50 by 15% (100% - 85% = 15%). This gives an original price of $50 per share ($7.50 / 0.15 = $50). The loss per share is the difference between the original price and the new price, which is $50 - $7.50 = $42.50.

The Share Value of Rip-Off Technologies Has Dropped This Year