A stockbroker is paid 45% of the commission her firm charges her clients. If she personally receives

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A stockbroker is paid 45% of the commission her firm charges her clients. If she personally receives $134.55 on an $11,500 transaction, what is the firm’s commission rate?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:00 AM

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A stockbroker is paid 45% of the commission her firm charges her clients. If she personally receives $134.55 on an $11,500 transaction, what is the firms commission rate?
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A stockbroker is paid 45% of the commission her firm charges her clients. If she personally receives

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The retained commission is 134 55 11500 x 1...View the full answer

Business Mathematics In Canada

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