Question

Alexander is a Stockbroker. He earns 11% commission each week. Last week, he sold $7,100 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

commissions = 11% of $7100 = 0.11*$7100 = $781
Commissions in 2011 = 52 weeks * $782/week = $40,612