Question

Alexander is a stockbroker. He earns 13% 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? Last week, he made $ in commission.

Answer 1

EXPLANATION

Let's see the facts:

%Earns= 13% commission/week

Last week sold = $7,500

In order to obtain the last week earns in commission we need to multiply % rate of commission by the last week sold as shown as follows:

$Earns = 0.13 (decimal form)*$7,500

Earns = $975

Last week, he made $975 in commission.

If he averages that same amount each week, he should make $975* 52(number of weeks per year) = $50,700/year