A stockbrokers commission on a transaction is 2.5% of the first $5000 of the transaction amount and

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A stockbroker’s commission on a transaction is 2.5% of the first $5000 of the transaction amount and 1.5% of the remainder. What was the amount of a transaction that generated a total commission of $227?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 06:41 AM

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A stockbrokers commission on a transaction is 2.5% of the first $5000 of the transaction amount and

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Step 2 Commission rate 25 on the first 5000 and 15 on the rema...View the full answer

Business Mathematics In Canada

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