Question

A stockbroker earns a base salary of 40000 dollar plus 5%of the total value of the stocks,mutual funds , and other investments that the stockbroker

sells.last year, the stockbroker earned 72750 dollar. what was the total value of investments the stockbroker sold?

Answer 1

Well his salary is $40,000 dollars.

$72,750 - $40,000 = $32,750

This means that 5% of the value of investments he had sold was equal to $32,750.


`\frac { 1 }{ 20 } * I=32750\\ \\ 20* \frac { 1 }{ 20 } * I=20* 32750\\ \\ \therefore \quad I=655000`

The stockbroker sold $655,000 worth of investments.