Question

Alexander is a stockbroker. He earns 14% commission each week. Last​ week, he sold ​$5,400 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

In that one week, his commision was $896, over all 52 weeks, he made $46592

Explanation:

So, he makes 14% commision on any stock he sells. This week, he sold $6,400 worth of stocks, and, hes going to make 14% on it. So, take 6400 and divide that by 14%, and what do you get? $896! So, he made $896 that week. Now, say he made that amount EVERY WEEK. so, all you have to do is know how many weeks are in a year (52) and multiply that by 896, which gives you 46592.