40pts and a brainliest to the person who can help me with this stock problem. PLEASE show all steps in detail so I can learn how
to do this!
What is the rate of return when 20 shares of Stock A, purchased for $30/share, are sold for $710? The commission on the sale is $6. Give your answer as a percent rounded to the nearest tenth.
What is the rate of return when 20 shares of Stock A, purchased for $30/share, are sold for $710? The commission on the sale is $6. Give your answer as a percent rounded to the nearest tenth.
1 answer:
You might be interested in
Answer:
The value of x = 11 and y = 2
Step-by-step explanation:
Given : parallelogram LMNO, MP = 21 m, LP = (y + 3) m, NP = (3y – 1) m, and OP = (2x – 1) m.
We have to find values of x and y.
Let P be the point of intersection of diagonals OM and LN.
In a parallelogram diagonal bisects at right angles and point of intersection divide diagonal in equal parts.
Thus, OP = MP and LP = PN
OP = MP , substitute the values, we get,
(2x-1) = 21
⇒ 2x = 22
⇒ x = 11
LP = PN , substitute the values, we get,
y + 3 = 3y -1
⇒ 3y - y = 4
⇒ 2y = 4
⇒ y = 2
Thus, the value of x = 11 and y = 2
