Question

Alexander is a stockbroker. He earns 14% commission each week. Last week, he sold $7,500 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

$54,750

Explanation:

7,500 × 0.14 = 1050 made in commissions per week

the amount of weeks in a year differs so we should convert to days

1050/7 = $150 made per day

since we have to find how much he makes in a year we multiply 150×365= 54,750

he made $54,750 in commission in 2011

Answer 2

Explanation:

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