Answer:
Value of the stock traded was $5200.
Step-by-step explanation:
In this question it is given that trading company charges commission of $10 per trade or transaction plus $.025 per dollar value of stock.We have to calculate the value of stock we traded if total commission (commission on trade value + commission on trade) is $140.
Let the value of stock traded was $x.
Then commission on value of the stock = x×.025
Commission on transaction = $10
Total commission = 140 = ( .025x + 10)
⇒.025x = 140-10 = 130
x = 130÷.025 = $5200
So the value of the stock = $5200
Answer:
(-8, -6)
Step-by-step explanation:
When you graph the given equation on the given graph, you find the lines intersect at (-8, -6).
The solution to the system is (-8, -6).
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The equation is given in slope-intercept form, so you can find the y-intercept (y=10) and draw a line with slope 2 from there. It will go through (-5, 0), so you know the solution lies in the 3rd quadrant and has an x-value less than -5. Only one answer choice matches.