Bianca is a stockbroker. Her earnings are based on a graduated commission. She receives 3% on any stock sale up to $100,000 and 5% for any amount over the $100,000. Last Saturday she sold $110,000 worth of stocks. How much did she make selling the stocks?

A. $3700

B. $3000

C. $5000

D. $3500

Question

Mathematics

Taylor Richards

18 December, 13:31

Bianca is a stockbroker. Her earnings are based on a graduated commission. She receives 3% on any stock sale up to $100,000 and 5% for any amount over the $100,000. Last Saturday she sold $110,000 worth of stocks. How much did she make selling the stocks?

A. $3700

B. $3000

C. $5000

D. $3500

+2

Answers (1)

Know the Answer?

Salazar · Answer 1

Bianca sold $110,000 worth of stocks

which mean = 100,000 + 10,000

For 0.03 on any stock sale up to $100,000

And 0.05 for any amount over the $100,000

∴ She made selling the stocks = 100,000 * 0.03 + 10,000 * 0.05

= 3000 + 500

= 3500

So, the right answer is option D

Bianca is a stockbroker. Her earnings are based on a graduated commission. She receives 3% on any stock sale up to $100,000 and 5% for any amount over the $100,000. Last Saturday she sold $110,000 worth of stocks. How much did she make selling the stocks?A. $3700B. $3000C. $5000D. $3500

Bianca is a stockbroker. Her earnings are based on a graduated commission. She receives 3% on any stock sale up to $100,000 and 5% for any amount over the $100,000. Last Saturday she sold $110,000 worth of stocks. How much did she make selling the stocks?

A. $3700

B. $3000

C. $5000

D. $3500