Sam Salmon is interested in purchasing stock. He wants to determine the costs.
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Answer:
The answers for the empty boxes are, in order:
$97.50, $1722.50; $67.86, $1198.80; $21.96, $387.96; $91.62, $1618.60; $79.32, $1401.30
Step-by-step explanation:
To fill in the first column, the amount of commission, we multiply the total for each stock by the commission rate, 6%. 6% = 6/100 = 0.06; this means we multiply each by 0.06:
0.06(1625) = 97.50
0.06(1131) = 67.86
0.06(366) = 21.96
0.06(1527) = 91.62
0.06(1322) = 79.32
Next we add each amount of commission to the total for the stock:
1625+97.50 = 1722.50
1131+67.86 = 1198.80
366+21.96 = 387.96
1527+91.62 = 1618.60
1322+79.32 = 1401.30
The calculated costs are:
[tex]\begin{center}\begin{tabular}{ c c c } Total & Commission 6\% of Total & Total Cost \\ \\ \$1,625 & \$97.5 & \$1,722.5 \\ \$1,131 & \$67.86 & \$1,198.86\\\$366 & \$21.96 & \$387.96\\\$1,527 & \$91.62 & \$1,618.62\\\$1,322 & \$79.32 & \$1,401.32\\ \end{tabular}\end{center}[/tex]
Case 1:
Total = $1,625
[tex]\begin{aligned}\text{6\% of total amount}&= \dfrac{1625 \times 6}{100}\\&= 97.5\\\end{aligned}[/tex]
Thus, 6% commission of total is $97.5 and Total cost is $1,625 + $97.5 = $1,722.5
Case 2:
Total = $1,131
[tex]\begin{aligned}\text{6\% of total amount}&= \dfrac{1131 \times 6}{100}\\&= 67.86\\\end{aligned}[/tex]
Thus, 6% commission of total is $97.5 and Total cost is $1,131+ $67.86= $1,198.86
Case 3:
Total = $366
[tex]\begin{aligned}\text{6\% of total amount}&= \dfrac{366\times 6}{100}\\&= 21.96\\\end{aligned}[/tex]
Thus, 6% commission of total is $97.5 and Total cost is $366+ $21.96= $387.96
Case 4:
Total = $1,527
[tex]\begin{aligned}\text{6\% of total amount}&= \dfrac{1527\times 6}{100}\\&= 91.62\\\end{aligned}[/tex]
Thus, 6% commission of total is $97.5 and Total cost is $1,527+ $91.62= $1,618.62
Case 5:
Total = $1,322
[tex]\begin{aligned}\text{6\% of total amount}&= \dfrac{1322\times 6}{100}\\&= 79.32\\\end{aligned}[/tex]
Thus, 6% commission of total is $97.5 and Total cost is $1,322+ $79.32= $1,401.32
Thus, we have:
[tex]\begin{center}\begin{tabular}{ c c c } Total & Commission 6\% of Total & Total Cost \\ \\ \$1,625 & \$97.5 & \$1,722.5 \\ \$1,131 & \$67.86 & \$1,198.86\\\$366 & \$21.96 & \$387.96\\\$1,527 & \$91.62 & \$1,618.62\\\$1,322 & \$79.32 & \$1,401.32\\ \end{tabular}\end{center}[/tex]
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