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21 January, 22:19

Nadia is a stockbroker. She earns 11 % commission each week. Last week, she sold $7,000 worth of stocks. How much did she make last week in commission? If she averages that same amount each week, how much did she make in commission in 2011?

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  1. 21 January, 23:12
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    Nadia's commission per week is $770

    Amount Nadia made in commission in 2011 is $40,040

    Step-by-step explanation:

    Commission made last week = 11% of $7,000

    Therefore commission made last week = 0.11 * $7,000 = $770

    Whereby Nadia averages the same aount each week, the amount Nadia would make in commission in 2011 is given by

    Amount Nadia makes per week in commission = $7,000

    Number of weeks in a year = 52 weeks. Therefore, amount Nadia makes in one year is given by

    Amount in commission per week * 52 weeks

    =$770 * 52 = $40,040

    Amount Nadia made in 2011 = $40,040.
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