Question

3.1.PS-10 Question Help The Stock Market Alexander is a stockbroker. He earns 12% 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? Last week, he made $( in commission. vo More Enter your answer in the answer box and then click Check Answer. Clear All Checkin Met 1 part

Answer 1

We have the following:

We must calculate how much you earn in commission in the last week, you must multiply the value sold by the percentage, as follows

`7100\cdot(12)/(100)=852`

Knowing that a year has a total of 52 weeks, the total earned in 2011 would be:

`852\cdot52=44304`

Which means that a week he earns a total of $ 852 and a year a total of $ 44,304