Taylor bought 200 shares of stock for $18.12 per share last year. he paid his broker a flat fee of $30. he sold te stock this morning for $21 per share, and paid his broker 0.5% commission.
what were taylor's net proceeds?

$555

Step-by-step explanation:

His net proceed is the difference between his net revenue and total cost considering how much was paid to the broker during purchase and sale.

Total cost at purchase = 200 * $18.12 + $30

= 3624 + 30

= $3654

Net revenue = 200 * $21 - 0.5% ( 200 * $21)

= $4179

Net proceeds = $4179 - $3654

= $555

step-by-step explanation:

to find if any function is an inverse of the other, put the first equation in as x in the next one. then simplify and solve. if at the end you get the statement y = x, then it is an inverse. if you get anything else, it is not.

here is a big fat