Math Problem Statement
Solution
The problem in the image asks to calculate how much Victor received after selling 35 shares of a company at $328 per share, factoring in a flat fee of $12 for completing the sale.
Here's how we can solve the problem step by step:
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Calculate the total value of the shares: This is the total amount received from selling the shares.
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Subtract the fee from the total: The fee for the transaction is $12, so we subtract this amount: This is how much Victor actually received after the fee.
Thus, the net proceeds are $11,468.
Do you want more details or have any questions? Here are five relative questions to deepen understanding:
- How would the result change if Victor sold 50 shares instead of 35?
- What would the net proceeds be if the flat fee were a percentage of the total sale?
- How do brokerage fees affect the profit from stock sales in the real world?
- Could Victor’s total proceeds increase or decrease if the share price fluctuated?
- How can we model the effect of varying fees on stock sale profits?
Tip: When calculating net proceeds from sales, always account for both fixed and percentage-based fees to get an accurate picture of your earnings.
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Math Problem Analysis
Mathematical Concepts
Multiplication
Subtraction
Proceeds Calculation
Formulas
Total Value = Number of Shares × Price per Share
Net Proceeds = Total Value - Transaction Fee
Theorems
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Suitable Grade Level
Grades 6-8
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