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A stock worth $150 is sold at a loss of 10%. What is the selling price?

Practice Questions

Q1
A stock worth $150 is sold at a loss of 10%. What is the selling price?
  1. $135
  2. $140
  3. $145
  4. $150

Questions & Step-by-Step Solutions

A stock worth $150 is sold at a loss of 10%. What is the selling price?
  • Step 1: Identify the original price of the stock, which is $150.
  • Step 2: Determine the loss percentage, which is 10%.
  • Step 3: Calculate the amount of loss by multiplying the original price by the loss percentage: 10% of $150 is (10/100) * 150 = $15.
  • Step 4: Subtract the loss amount from the original price to find the selling price: $150 - $15 = $135.
  • Step 5: The selling price of the stock is $135.
  • Loss Calculation – Understanding how to calculate the selling price after a loss percentage is applied to the cost price.
  • Percentage Application – Applying percentage calculations correctly to determine the amount of loss.
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