Question

Quinton bought x number of shares for p dollars and paid a 1% commission he sold the stock for y dollars and paid a flat fee of $7. Express quintons net proceeds algebraically

Answer 1

`y-(0.01xp+7)`

Explanation:

As per the statement:

Quinton bought x number of shares for p dollars and paid a 1% commission

⇒He brought =
`0.01xp`

It is also given that he sold the stock for y dollars and paid a flat fee of $7.

⇒He sold =
`y-7`

then;

Net proceed is given as:

`y-7-0.01xp = y-(0.01xp+7)`

Therefore, quintons net proceeds algebraically is
`y-(0.01xp+7)`