Question

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Nadia is a stockbroker. She earns 12% commission each week. Last week, she sold $6,400 worth of stocks. How much did she make last week in commission? If she averages that same amount each week, how much did she make in commission in 2011?

Answer 1

nadia had made 768 in the last week. she made 40,046.24 in 2011

Answer 2

Nadia made a commission of 768 last week

The amount she made in 2011 is 40,045.824

Explanation:

What is a commission?

A commission is the fee got for the services, given by the percentage of the total worth.

If Nadia gets a 12% commission for $6400,

Commission = percentage × worth of stock

= 12% × 6400

= 768

There are 52.143 weeks per year.

The amount of commissions she made in 2011 is,

768 × 52.143 = 40,045.824

Hence, Nadia made a commission of $852 for $6400 worth of stocks. If she averages the same amount each week, Nadia made a commission of $40,045.824