Ask Question
23 May, 17:22

A stock 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?

+2
Answers (1)
  1. 23 May, 17:35
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A stock trading company charges a commission of $10 per trade plus $0.025 per dollar value of stock traded. If your commission is $140, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers