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28 October, 02:01

A stockbroker earns a base salary of $40,000 plus 5% of the total value of the stocks, mutual funds, and other investments that the stockbroker sells. Last year, the stockbroker earned $71,750. What was the total value of the investments the stockbroker sold?

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  1. 28 October, 02:16
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    40,000 +.05x = 71,750

    .05x = 31750

    x = 635,000
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