document.write( "Question 1056060: 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
\n" );
document.write( "\n" );
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
\n" );
document.write( "\n" );
document.write( "How do I solve this? \n" );
document.write( "
Algebra.Com's Answer #671222 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 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. \n" ); 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.) \n" ); document.write( "How do I solve this? \n" ); document.write( "Cost before commission:: 21.77 \n" ); document.write( "Cost including 2% commission:: 1.02*21.77 = $22.21 \n" ); document.write( "-------------------- \n" ); document.write( "Minimal price to make a profit:: price > 22.21 per share \n" ); document.write( "--------------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "---------------- \n" ); document.write( " |