A company calculates the amount of commission , in dollars, a salesperson earns using the equation , where is the total dollar amount of sales made. The first $1000 of sales are not eligible for commission. Which of the following is the best interpretation of the number 0.05 in this context?
The total commission earned for dollars in sales
The amount of sales that are not eligible for commission
The commission rate applied to eligible sales
The maximum commission a salesperson can earn
