Question

Alexander is a stockbroker he earns 11% commission each week last week he sold $7000 worth of stocks how much did he make last week in commission if he averages the same amount each week how much did he make in commission in 2011

Answer 1

Answer:

the amount that he makes last week and in the year 2011 is $770 and $40,040 respectively

Step-by-step explanation:

The computation of the amount that he makes last week and in the year 2011 is as follows:

= Sale value of the stocks × earning percentage × number of weeks in a year

= $7,000 × 11% × 52 weeks

= $40,040

hence, the amount that he makes last week and in the year 2011 is $770 and $40,040 respectively

We simply applied the above formula so that the correct value could come

And, the same is to be considered