Question

The Stock Market alexzander is a stockbroker. Earns 12​% commission each week. Last​ week, he sold ​$5,400 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

Commission in March = $648

Commission in 2011 = $33696

Explanation:

Given

`Stocks = \$5400`

`Commission = 12\%`

Required

- Determine the amount of commission

- Determine the amount of commission in 2011

This is calculated as

`Amount = Commission * Stocks`

`Amount = 12\% * 5400`

`Amount = 0.12 * 5400`

`Amount = \$648`

Since the number of weeks in a year is 52.

`Yearly\ Commission = 52 * \$648`

`Yearly\ Commission = \$33696`