Question

Alexander is a stockbroker. He earns 14% commission each week. Last week, he sold $6,400 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

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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Answer 2

Answer: 896 and 46592

Step-by-step explanation:

6400 x 0.14 = 896

896 dollars are made in commission

52 weeks in a year

52 x 896 = 46592 dollars

46592 dollars are made in commission of the year 2011