Question

Alexander is a stockbroker. He earns 13​% commission each week. Last​ week, he sold ​$4 comma 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?

Answer 1

Alexander made $585 in commission last week. In 2011, he made $30,420 in commission.

Step-by-step explanation:

To calculate Alexander's commission, we can multiply the value of the stocks he sold by the commission rate.

$4,500 imes 0.13 = $585

Therefore, Alexander made $585 in commission last week.

To calculate how much he made in commission in 2011, we need to know the number of weeks in 2011. Assuming there are 52 weeks in a year, we can multiply Alexander's weekly commission by the number of weeks in 2011:

$585 imes 52 = $30,420

Answer 2

Multiply the amount he sold by the percent of commission:

4500 x 0.13 = 585

he made $585 last week.

There are 52 weeks in a year, multiply the amount of commission by 52:

585 x 52 = 30,420

he made $30,420 in 2011.