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.