Subjects finance

Stock Sale Commission

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Stock Sale Commission


1. **State the problem:** You have 200 shares of stock and you sell all at P550 per share. The broker charges a 2.1% commission. Find the amount you receive after paying the commission. 2. **Calculate the total value before commission:** $$\text{Total value} = 200 \times 550 = 110000$$ 3. **Calculate the commission amount:** The broker charges 2.1% commission, which is: $$\text{Commission} = 110000 \times \frac{2.1}{100} = 110000 \times 0.021 = 2310$$ 4. **Calculate the amount received after commission:** $$\text{Amount received} = 110000 - 2310 = 107690$$ **Final answer:** The amount received after selling the shares and paying the commission is P107690.