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The Stock Market alexzander is a stockbroker. Earns 12​% commission each week. Last​ week, he sold ​$5,400 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 :

MrRoyal

Answer:

Commission in March = $648

Commission in 2011 = $33696

Step-by-step explanation:

Given

[tex]Stocks = \$5400[/tex]

[tex]Commission = 12\%[/tex]

Required

- Determine the amount of commission

- Determine the amount of commission in 2011

This is calculated as

[tex]Amount = Commission * Stocks[/tex]

[tex]Amount = 12\% * 5400[/tex]

[tex]Amount = 0.12 * 5400[/tex]

[tex]Amount = \$648[/tex]

Since the number of weeks in a year is 52.

[tex]Yearly\ Commission = 52 * \$648[/tex]

[tex]Yearly\ Commission = \$33696[/tex]

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