carryislarrywithdair
23.06.2019 •
Mathematics
Astock trading company charges a commission of $10 per trade plus $0.025 per dollar value of stock traded. if your commission is $140 , what was the value of the stock you traded?
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Ответ:
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
Ответ:
$5200
Step-by-step explanation:
Let C = total commission
and d = dollar value of stock
Then
C = 10 + 0.025d
Let C =140
140 = 10 + 0.025d Subtract 10 from each side
130 = 0.025d Divide each side by 0.025
d = $5200
The value of the stock was $5200.
Check:
140 = 10 + 0.025 × 5200
140 = 10 + 130
140 = 140
Ответ: