The commission received by a sales agent on sales of R123000 is R3087. 50 at what rate percent does he receive in commission
The rate of commission can be calculated by dividing the commission received by the total sales amount and then multiplying by 100 to get the percentage.
Commission rate = (Commission received / Total sales) * 100
Commission rate = (3087.50 / 123000) * 100
Commission rate ≈ 2.51%
Therefore, the sales agent receives a commission rate of approximately 2.51%.