Question

Quinton bought x number of shares for p dollars and paid a 1% commission he sold the stock for y dollars and paid a flat fee of $7. Express quintons net proceeds algebraically

Answer 1

Answer:

$y-(0.01xp+7)$

Step-by-step explanation:

As per the statement:

Quinton bought x number of shares for p dollars and paid a 1% commission

⇒He  brought = $0.01xp$

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

⇒He sold = $y-7$

then;

Net proceed is given as:

$y-7-0.01xp = y-(0.01xp+7)$

Therefore,  quintons net proceeds algebraically is $y-(0.01xp+7)$