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

`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)`