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7 October, 13:22

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

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Answers (1)
  1. 7 October, 15:47
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    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
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