Question

Oliva is a stockbrocker. She makes 4% of her sales in commission.Last week,she sold $7,200 worth of stocks.

A.How much commission did she make last week?
B.If she were to average that same commission each week,how much would she make in commissions in a year,treating a year as having exactly 52 weeks?

Answer 1

A) Commission made last week is $ 288

B) Commissions earned in a year,treating a year as having exactly 52 weeks is $ 14976

Solution:

From given,

Commission rate = 4 %

Last week,she sold $7,200 worth of stocks

A. ) How much commission did she make last week?

Therefore,

`Commission\ amount = 4 \% of\ 7200\\\\Commission\ amount = 4 \% * 7200\\\\Commission\ amount = (4)/(100) * 7200\\\\Commission\ amount = 4 * 72\\\\Commission\ amount = 288`

Thus commission made last week is $ 288

B)

Given that,

If she were to average that same commission each week

To find the commissions earned in a year, treating a year as having exactly 52 weeks

Therefore,

`commissions\ earned\ in\ a\ year = 288 * 52\\\\commissions\ earned\ in\ a\ year = 14976`

Thus commissions earned in a year,treating a year as having exactly 52 weeks is $ 14976