Victor invested a total of $800 in 2 stocks. At the end of 1 year, one stock had gained 12% in value, the other stock had lost 4% in value, and the total value of the 2 stocks was $848. How much did Victor invest in the stock that decreased in value?

Correct answer marked below

$100

$200

$300

Correct

$500

$600

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What this question tests

Your ability to compute percentage change, percentage of a whole, and to work backwards from a final value.

Treating successive percentage changes as additive — a 10% rise then a 10% fall is not back to the start.