Answer:
[tex]y-(0.01xp+7)[/tex]
Step-by-step explanation:
As per the statement:
Quinton bought x number of shares for p dollars and paid a 1% commission
⇒He brought = [tex]0.01xp[/tex]
It is also given that he sold the stock for y dollars and paid a flat fee of $7.
⇒He sold = [tex]y-7[/tex]
then;
Net proceed is given as:
[tex]y-7-0.01xp = y-(0.01xp+7)[/tex]
Therefore, quintons net proceeds algebraically is [tex]y-(0.01xp+7)[/tex]
