That increases to 8 percent on sales over a million copies - a "platinum" seller.
The album quickly became a platinum seller.
A 1987 Greatest Hits album became a platinum seller, while several other releases achieved gold status.
The album of the same name was a platinum seller in the U.S. and Australia.
Though it was a platinum seller, Presence received a mixed reaction among fans and the music press, with some critics suggesting that the band's excesses may have caught up with them.
The album would be another platinum seller and contained the band's biggest single to date, "You Won't Dance With Me".
"Their importance in the music community, in life, our society and our culture far outweighs any of these platinum sellers," he said of the artists he favors.
The album was certified as Knight's first platinum seller in 2007.
Sebastian's second and third albums were platinum sellers.
The label later signed Foxy Brown, whose debut album Ill Na Na became a platinum seller in 1997.