dmillionaire
New member
- Joined
- Sep 15, 2013
- Messages
- 49
Gen-trade charges commission of 1.5% on odd lot trades for self-directed accounts. It charges 0.5% commission on standard lot trades for self-directed accounts and 4% commission on broker-managed accounts. If Gen-trade did 735 odd lot self-directed trades, 2,122 regular lot self-directed trades and 450 broker-managed trades, what was the average commission charged per trade?
would i go like this?
0.015 x 735 = 11.025
0.005 x 2122 = 10.61
0.04 x 450 = 18
11.025 + 10.61 + 18 = 39.635/3 =13.2116
its asking for the average commission though which i am a little confused on hos to get at.
would i go like this?
0.015 x 735 = 11.025
0.005 x 2122 = 10.61
0.04 x 450 = 18
11.025 + 10.61 + 18 = 39.635/3 =13.2116
its asking for the average commission though which i am a little confused on hos to get at.