Asked by Randy Sandoval on Apr 29, 2024
Verified
A stockbroker is paid 45% of the commission her firm charges her clients. If she personally received $134.55 on a $11,500 transaction, what is the firm's commission rate?
Commission Rate
The percentage of a sale price that is paid to an agent or employee for their sales efforts or services.
Stockbroker
A professional who buys and sells stocks and other securities for clients in exchange for a fee or commission.
Transaction
An agreement or communication carried out between a buyer and a seller to exchange an asset for payment.
- Determine commission rates and earnings based on sales and transactions.
Verified Answer
ZK
Learning Objectives
- Determine commission rates and earnings based on sales and transactions.