Quinton bought x number of shares for p dollars and paid a 1% commission he sold the stock for y dollars and paid a flat fee of $7. express quintons net proceeds algebraically

Step-by-step explanation:

As per the statement:

Quinton bought x number of shares for p dollars and paid a 1% commission

⇒He  brought =

It is also given that he sold the stock for y dollars and paid a flat fee of $7.

⇒He sold =

then;

Net proceed is given as:

Therefore,  quintons net proceeds algebraically is

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

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