Question

Alanna is a stockbroker who receives a commission based on the value of the trades she makes. if alanna receives $1,050 for trades totaling $21,000, what is her percent of commission? *

Answer 1

To find Alanna's commission rate, we can use the formula Commission = (Commission Rate / 100) * Total Trade Value. Substituting the given values, we find that Alanna's commission rate is 5%.

Step-by-step explanation:

To find the percent of commission, we can use the formula:

Commission = (Commission Rate / 100) * Total Trade Value

Given that Alanna received $1,050 for trades totaling $21,000, we can substitute the values into the formula:

$1,050 = (Commission Rate / 100) * $21,000

Multiplying both sides of the equation by 100, we get:

Commission Rate = ($1,050 * 100) / $21,000 = 5%

Therefore, Alanna's commission rate is 5%.