A salesperson earns $105 selling $1500 worth of television sets. What is the commission rate?
To find the commission rate, we need to divide the total commission earned by the total sales amount.
The total commission earned is $105.
The total sales amount is $1500.
Commission rate = Total commission earned / Total sales amount
Commission rate = $105 / $1500
Commission rate = 0.07
The commission rate is 0.07 or 7%.