To determine the proceeds Madelyn received from selling her shares, let's break down the problem step by step:
1. Identify the number of shares sold and the price per share: - Madelyn sold 150 shares. - The price per share was [tex]$63.
2. Calculate the total value of the shares sold:
- Multiply the number of shares by the price per share.
- \( 150 \text{ shares} \times 63 \text{ dollars/share} = 9450 \text{ dollars} \)
3. Account for the commission paid:
- A commission of $[/tex]12 was paid.
4. Subtract the commission from the total value to find the proceeds: - [tex]\( 9450 \text{ dollars} - 12 \text{ dollars} = 9438 \text{ dollars} \)[/tex]
Therefore, the amount in proceeds Madelyn received is:
