Alexander is a stockbroker. He earns 14% commission each week. Last week, he sold $6,400 worth of stocks. How much did he make l

Question

Arte-miy333 [17]

2 years ago

9

Alexander is a stockbroker. He earns 14% commission each week. Last week, he sold $6,400 worth of stocks. How much did he make l

ast week in commission? If he averages that same amount each week, how much did he make in commission in 2011?

Mathematics

1 answer:

erastova [34] · Answer 1 · 2022-07-27T21:53:49+03:00

Answer:

In that one week, his commision was $896, over all 52 weeks, he made $46592

Step-by-step explanation:

Need help calculating that? Let me help you. Grab a calculator!

So, he makes 14% commision on any stock he sells. This week, he sold $6,400 worth of stocks, and, hes going to make 14% on it. So, take 6400 and divide that by 14%, and what do you get? $896! So, he made $896 that week. Now, say he made that amount EVERY WEEK. so, all you have to do is know how many weeks are in a year (52) and multiply that by 896, which gives you 46592.

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