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Quinton bought n number of shares for d dollars and paid a 1% commission. He sold the stock for y dollars and paid a flat fee of

$7. Which expression below models Quinton's net proceeds algebraically?

oyn(1.01d - 7).

(1.01nd + 7) - Y

y - 1.01(nd - 7)

y (1.01nd + 7)

Respuesta :

Answer:

y - (1.01nd + 7)

Step-by-step explanation:

Quinton bought n number of shares for d dollars and paid a 1% commission. It means he bought [tex]\dfrac{1}{100}nd=0.01nd[/tex]

He sold the stock for y dollars and paid a flat fee of  $7. It means he sold y-7.

We need to find Quinton's net proceeds algebraically. It will be given as :

[tex]y-7-0.01nd\\\\=y-(0.01nd+7)[/tex]

Hence, the correct option is (d) i.e. y - (1.01nd + 7)

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