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.