document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1056060>Question 1056060</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Susan bought 600 shares of stock at a price of $21.77 per share. She must pay the stock broker a 2 percent commission for the transaction.\r<BR>\n" );
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document.write( "What is the minimal price for the stocks she would need to make a profit if she were to sell the stocks? (Assume she will not pay a commission when she sells the stock.) \r<BR>\n" );
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document.write( "How do I solve this? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #671221 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=671221\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 600 shares @ $21.77=$13062.<BR>\n" );
document.write( "2% of $13062 is their product, or $261.24<BR>\n" );
document.write( "The cost is $13261.24<BR>\n" );
document.write( "Selling them, she needs to make a minimal profit, which would be 1 cent. That is just above break-even.<BR>\n" );
document.write( "$13621.25/600=$22.702 or $22.71 <BR>\n" );
document.write( "If we round down, the proceeds are $13620, so we need to round up, where the proceeds will be $13,626. </SPAN>\n" );
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