Question

Alexander is a stockbroker. He ears 13% commission each week. Last week, he

sold $7,100 worth of stocks How much did he make last week in commission? If he averages that
same amount each week, how much did he make in commission in 2011?

Answer 1

Alexander made $923 in commission last week. If he maintained the same earnings each week, he would have made $47,996 in commission in the year 2011.

Step-by-step explanation:

Alexander is a stockbroker who earns a 13% commission on the stocks he sells. To calculate Alexander's earnings from a $7,100 worth of stock sold, we use the formula:

Commission = Total Sales × Commission Rate

For Alexander, this is:

Commission = $7,100 × 0.13

Now we multiply $7,100 by 0.13 to find his commission for last week:

Commission = $7,100 × 0.13 = $923

Therefore, Alexander made $923 in commission last week. Assuming he makes the same amount each week, we need to multiply this by the number of weeks in the year to find his annual commission for 2011:

Annual Commission = Weekly Commission × Number of Weeks in a Year

Annual Commission = $923 × 52 = $47,996

Thus, if Alexander consistently earned the same commission every week, he would have made $47,996 in commission in the year 2011.

Answer 2

In one year, he would make 47,996

Step-by-step explanation:

7100 x .13 = 923

In a year, there is 52 weeks

923 x 52 = 47,996