SOLUTION: A stock trading company charges a commission of $15 per trade plus $0.025 per dollar value of stock traded. If your commission is $150, what was the value of the stock you traded

Algebra ->  Equations -> SOLUTION: A stock trading company charges a commission of $15 per trade plus $0.025 per dollar value of stock traded. If your commission is $150, what was the value of the stock you traded      Log On


   

Question 1147380: A stock trading company charges a commission of
$15 per trade plus $0.025 per dollar value of stock traded. If your commission is $150, what was the value of the stock you traded?
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

15 + 0.025x = 150.


It is your basic equation.   From it,  get


    x = %28150-15%29%2F0.025 = 5400 dollars.    ANSWER