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Yanka [14]
3 years ago
6

Quinton bought x number of shares for p dollars and paid a 0.5% commission. He sold the stock for y dollars and paid a flat fee

of $7. Express Quintons net proceeds algebraically.
Mathematics
1 answer:
Ksju [112]3 years ago
4 0

Answer:

y-(0.05xp+7)

Step-by-step explanation:-

As per the statement:

Quinton bought x number of shares for p dollars and paid a 0.5% commission

⇒0.05xp

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

⇒y-7

then;

Net proceeds is given as:

y-7-0.05xp = y-(0.05xp+7)

Therefore, Quinton's net proceeds algebraically is y-(0.05xp+7)

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