Question

Alexander is a stockbroker. He earns 11​% commission each week. Last​ week, he sold ​$7,500 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 $825 in commission last week. If he averaged the same amount each week, he would have made $42,900 in commission in 2011.

Explanation:

$7,500 x 0.11 = $825 (Last Week's Commission)

$825 x 52 (weeks in a year) = $42,900 (2011 Commission)