Lenny bought x shares of stock for Sy per share last month. He paid
1 answer:
Lenny's net proceeds algebraically are found as;
A mathematical statement consisting of an equal symbol between two algebraic expressions with the same value is known as an equation.
Let the bought share will be $ x, and $y is the price per share
Paid fees to the broker = $ 20
The total amount spent = $(xy+20)
The price at which each share sells = $ A
Broker commission = 2 %
The total amount obtained after selling the shares;
⇒ ax - 2% of ax
⇒ 98 % of ax
Hence, Lenny's net proceeds algebraically are found as;
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