Alexander is a stockbroker. He earns 12% commission each week. Last week, he sold $6,800 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?
Answers
Given : Alexander earns 12% commission each week
. Last week, he sold $6,800 worth of stocks
he averages that same amount each week
To Find : How much did he make last week in commission
how much did he make in commission in 2011?
Solution:
stocks sold worth = $6,800
commission = 12 %
commission = (12/100) 6800 = 816 $
he made commission in last week = 816 $
There are 52 weeks in a Year
Hence commission made in 2011 = 52 x 816
= 42,432 $
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