Alexander is a stockbroker. He earns 12% commission each week. Last week, sold $5,300 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?

First, we need to find how much Alexander made in commission over one week. We are told that he earns 12% and sold $5,300 of stock. So, we need to find 12% of 5,300.

To find a percentage of a number, we can multiply by the decimal. To turn a percentage into a decimal, move the decimal 2 spots to the right. This means that 12% = 0.12. Then, multiply the whole number by that decimal.

0.12 * 5300 = 636

Alexander made $636 in commission in one week.

Commission in a Year

Remember that 1 year = 52 weeks.

If Alexander averaged $636 every week, then we can just multiply 636 by 52 to find his income in a year.

636 * 52 = 33072

So, he made $33,072 in one year.

Alexander is a stockbroker. He earns 12​% commission each week. Last​ week, sold ​$5,300 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?

Respuesta :

Answer:

Step-by-step explanation:

Otras preguntas

Alexander is a stockbroker. He earns 12% commission each week. Last week, sold $5,300 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?