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A stockbroker's commission on a transaction is 2 . 5 % of the first $ 5 , 0 0 0 of the transaction amount and

A stockbroker's commission on a transaction is 2.5% of the first $5,000 of the transaction amount and 1.5% of the remainder. What was the amount of a transaction that generated a total commission of $227?
a. $11,800.00
b. $10,250.00
c. $12,746.53
d. $23,869.91
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