Question

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.

Answer 1

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 $y-(0.05xp+7)$