Question

Dirk is a broker who earns $41,000 annually, 3.5% commission on his clients’ investments of $2.4 million, and a fee of $5.25 on each online transaction. If Dirk processes 1,250 online transactions this year, what are his annual earnings?

Answer 1

Answer:

His annual earnings is $131,562.50

Step-by-step explanation:

Here, we want to calculate Dirk’s total annual earnings.

We have three things to add together;

Annual earnings, commission and fees

Annual earnings is already stated = $41,000

Commission

= 3.5% of $2.4 million

= 3.5/100 * 2,400,000 = $84,000

Fees

= $5.25 * 1,250 = $6562.50

Total earnings will be;

41,000 + 6562.5 + 84,000 = $131,562.50