Question

Nadia is a stockbroker. She earns 11​% commission each week. Last​ week, she sold ​$7,000 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's commission per week is $770

Amount Nadia made in commission in 2011 is $40,040

Explanation:

Commission made last week = 11% of $7,000

Therefore commission made last week = 0.11 × $7,000 = $770

Whereby Nadia averages the same aount each week, the amount Nadia would make in commission in 2011 is given by

Amount Nadia makes per week in commission = $7,000

Number of weeks in a year = 52 weeks. Therefore, amount Nadia makes in one year is given by

Amount in commission per week × 52 weeks

=$770 × 52 = $40,040

Amount Nadia made in 2011 = $40,040.