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10 December, 01:56

A person sold 100 shares of stock at a loss of 40%. If the selling price for the 100 shares was 3000 which of the following comes closest to what was paid for the stock

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  1. 10 December, 03:25
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    (purchase price) * (1 - 0.40) = $3000

    purchase price = $3000/0.60 = $5000
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