Xavier is a salesperson who is paid a fixed amount of $455 per week. He also earns a commission of 3% on the sales he makes. If
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Answer:
The amount of stock for which both brokers would charge the same commission is $2500.
Step-by-step explanation:
i) Let the amount of stock to be traded be worth $x
ii) therefore for both the brokers to charge the same commission we can write
1% of x = $25 0.01
x = 25
x =
The amount of stock for which both brokers would charge the same commission is $2500.