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17 November, 05:17

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

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  1. 17 November, 07:38
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    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
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