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 the last week in commission? If she averages that same amount each week, how much did she make in commission in 2011

Answer 1

$770

$40,040

Explanation:

Last week: 11% of $7,000

11% of $7000 = 11/100 × $7000 = $770

Full year is 52 weeks.

52 × $770 = $40,040