Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

a stockbroker earns a base salary of 40000 dollar plus 5%of the total value of the stocks,mutual funds , and other investments that the stockbroker sells.last year, the stockbroker earned 71750 dollar. what was the total value of investments the stockbroker sold?

Sagot :

luana
[tex]x-value\ of\ investments\\\\ 40000+5\%x=71750\ \ \ |-40000\\\\ 5\%x=71750-40000\\\\ 5\%x=31750\ \ \ \ |\ Write\ 5\%\ as\ \frac{5}{100}=0,05\\\\ 0,05x=31750\ \ \ |:0,05\\\\ x=635000\\\\total\ value\ of\ investements\ was\ 635000\ dollars.[/tex]
Cabuji
x=investments sold
Salary= 40,000 + .05x
71,750 = 40,000 + .05x
31,750 = .05x
635,000 = x
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.