Question

A stockbroker charges a 2.5% commission to sell shares of a stock for a client. Find the value of stock sold by a broker if the commission was $660

Answer 1

To find the value of the stock, we have to multiply.

First, we find out what is 2.5% as a decimal.

Which is 0.025.( multiply by 100 to get the 2.5%).

Now, we multiply 0.025 by 660.
=16.5