Answer: $13339.25
Step-by-step explanation:
Since 500 shares of Intel were sold for $26.75 per share, the total amount will be:
= 500 × $26.75
= $13375
Since the broker charges a
commission of $2.75 per thousand dollars of stock bought or sold, the amount charged by the broker on $13375 will be:
= $2.75 × 13
= $35.75
The amount that'll then be credited into ones account will be:
= $13375 - $35.75
= $13339.25
Let p be the pre-tax cost. Then 1.08p = $50. Solving for p, the pre-tax cost, we get:
p = ($50) / (1.08) = $46.30.
<span>square root of 2562634
Simply use your calculator: √</span><span>2562634
≈ 1600.82
</span>
