Question

Alexander is a stockbroker. He earns 13% commission each week. Last week, he sold 6,400 worth of stocks. If he averages that same amount each week, how much did he make in commission in 2011?

Answer 1

$43,264

Explanation:

Given :

% Commission earned per week = 13%

Worth of stock sold last week = 6400

If same amount is averaged each week during 2011 ;

Number of weeks per year = 52

Worth of stock for the year = (6400 * 52) = $332,800

Average Commission for the year = 13% of 332,800

0.13 * 332,800

= $43,264