Answer: Approximately 51%
Step-by-Step-Explanation:
<u>Given -</u>
- Cost - $25.50
- Selling for - $38.50
<u>We must find:</u>
- The price Starr is marking up
<u>Profit</u> (<u>Numbers Given</u>)
<u>$38.50 - $25.50 = $13.00</u>
<u>Profit</u>, (<u>In percent)</u>
<u>13/25.50 × 100 ≈ 51%</u>
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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
-2 = -2 because of the slope
Answer:
Option C
Step-by-step explanation:
9.54 = p - 4.2
9.54 + 4.2 = p
13.74 = p