The Stock Market Nadia is a stockbroker. She earns 11​% commission each week. Last​ week, she sold ​$7 comma 200 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?

Question

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Part 1
Last​ week, she made ​$
  
enter your response here in commission.

Answer 1

To calculate Nadia's commission for last week, you can use the following formula:

\[ \text{Commission} = \text{Sales} \times \text{Commission Rate} \]

Given that Nadia sold $7,200 worth of stocks and her commission rate is 11% (or 0.11 in decimal form):

\[ \text{Commission} = 7,200 \times 0.11 = 792 \]

So, Nadia made $792 in commission last week.

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For part two, to calculate how much she made in commission for the entire year of 2011, we first need to determine how many weeks there are in a year.

There are 52 weeks in a year, so:

\[ \text{Annual Commission} = \text{Weekly Commission} \times 52 \] \[ \text{Annual Commission} = 792 \times 52 = 41,184 \]

Thus, if she averaged the same amount each week in 2011, she made $41,184 in commission for that year.

So the responses are:

• Last week, she made $792 in commission.
• In 2011, she made $41,184 in commission.