Question

Alex is a stockbroker. Earns ​% commission each week. Last​ week, sold ​$ 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

a. $896

b. $‭46,592‬

Explanation:

a. Alex earns 14% of the amount of stock he sells in a week.

The week before he sold $6,400. This means that his earnings in commission are:

= 14% * 6,400

= $896

b. Commission for the year:

If he makes $896 per week, there are 52 weeks in a year. Per year he would make:

= 896 * 52

= $‭46,592‬