Question 1122858: A financial advisor handles transactions for a customer. The median annual earnings for financial advisors is $60,000. For every transaction, a certain financial advisor gets a 5% commission, regardless of whether the transaction was a deposit (+money) or withdrawal (-money). Write a formula that includes his salary and commission using the absolute value for the advisor’s commission. Let D represent the value of ONE transaction.
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! assuming he makes 60,000 salary, then the formula would be:
salary plus commission = 60,000 + .05 * sum of |Di| where i = 1 to the number of transactions.
Di is the value of the ith transaction.
for example:
assume he made 5 transactions, 2 of which were deposits and 3 of which were withdrawals.
assume the deposits were 5,000 and 10,000
assume the withdrawals were 3,000 and 6,000 and 9,000
D1 would then be 5,000
D2 would then be 10,000
D3 would then be -3,000
D4 would then be -6,000
D5 would then be -9,000
the absolute value of the transactions would be 5,000, 10,000, 3,000, 6,000, 9,000.
the sum of the absolute value of the transactions would be 33,000.
his commission would be 5% of that which would make it .05 * 33,000 = 1,650.
his salary plus commission would be 60,000 + 1,650 = 61,650.
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