212k views
5 votes
PLEASE HELP URGENT IT IS WORTH 25 POINTS!!!!

Nadia is a stockbroker. She earns 11​% commission each week. Last​ week, she sold ​$4,500 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?

User OverLex
by
2.9k points

2 Answers

7 votes

Answer:

a). Nadia made a total of $825 last week in commission sales

b). The total amount Nadia in commission in 2011=$42,900

Explanation:

Step 1

Express the amount in commission she earns from her sales as follows;

C=S×r

where;

C=commission earned

S=total value of stock sales

r=commission rate

In our case;

C=unknown

S=$7,500

r=11%=11/100=0.11

replacing;

C=11% of 7,500

C=(11/100)×7,500

C=0.11×7,500=825

Nadia made a total of $825 last week in commission sales

b). To express the total amount she made in 2011, we derive the formula below;

Total amount (2011)=Average weekly commission×number of weeks in 2011

where;

Average weekly commission=$825

number of weeks in 2011=52

replacing;

Total amount (2011)=(825×52)=42,900

The total amount Nadia in commission in 2011=$42,900

User Bazzel
by
3.3k points
0 votes
Last week she did $495
User Mark Baker
by
3.1k points