Final answer:
To find the commission rate, divide the total commission by the total sale amount and multiply the result by 100. In this scenario, the commission rate is approximately 6.5%.
Step-by-step explanation:
The commission rate on a sale can be calculated by dividing the total amount of commission by the total sale amount and then multiplying the result by 100 to express the rate as a percentage. In this case, the total sale amount is $111,000 and the total commission paid is $7,215. Therefore, the commission rate is computed as follows: Commission rate = ($7,215 / $111,000) x 100 = 6.5%. So, the commission rate on this sale of $111,000 is 6.5%.
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