Question

is a stockbroker. Earns ​% commission each week. Last​ week, sold ​$ worth of stocks. How much did make last week in​ commission? If averages that same amount each​ week, how much did make in commission in​ 2011?

Answer 1

a. $583

b. $30,316

Explanation:

a. Commission last week;

= 5,300 * 11%

= $583

b. Commission in 2011 assuming weekly earnings of $583.

= 583 * 52 weeks

= $30,316