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
Answer:
Bianca sold $110,000 worth of stockswhich 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
solved
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10 months ago
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