document.write( "Question 1199137: Tom bought 50 shares of Mactec stock at 685.00 pesos per share and paid 956.00 pesos commission. Find Tom's total investment. \n" ); document.write( "
Algebra.Com's Answer #832850 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Tom bought 50 shares of Mactec stock at 685.00 pesos per share and paid 956.00 pesos commission. \n" ); document.write( "Find Tom's total investment. \n" ); document.write( "~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " An investment is an asset or item acquired with the goal of generating income or appreciation. \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " For this definition, see the source https://www.investopedia.com/terms/i/investment.asp\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "According to the definition and common sense, Tom's total investment is \r\n" ); document.write( "\r\n" ); document.write( " 50*685.00 = 34250.00 pesos.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "956.00 pesos, which he paid for commission, is not an investment and it is \r\n" ); document.write( "\r\n" ); document.write( "neither added to nor subtracted from the total investment - it is only payment for the service of the commissioner.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " +-------------------------------------------------------+\r\n" ); document.write( " | Total investment of 34250.00 pesos is the amount |\r\n" ); document.write( " | which will generate income or appreciation. |\r\n" ); document.write( " +-------------------------------------------------------+\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "Solved, answered and explained.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |