SOLUTION: sales employees at a furniture store are offered this as their wages;
a salary of $1000 per month plus a commission of 5% of their total sales.
so my question is which would be
Algebra.Com
Question 844288: sales employees at a furniture store are offered this as their wages;
a salary of $1000 per month plus a commission of 5% of their total sales.
so my question is which would be considered the slope? and which is the y-intercept?
Found 2 solutions by stanbon, josmiceli:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
sales employees at a furniture store are offered this as their wages;
a salary of $1000 per month plus a commission of 5% of their total sales.
so my question is which would be considered the slope? and which is the y-intercept?
------
$1000 is a constant amount the employee receives.
----
0.05s is variable depending on the $-amount of the employee's sales.
-----
Slope is always the amount the dependent variable (earnings)
increases with each increase of "1" in the independent variable (sales).
========
slope = change in salary/change in sales = ($0.05)/1 = 0.05
================================
Cheers,
Stan H.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
It is assumed to be a linear equation
so, it will have the form:
where = monthly wages and
= monthly sales
-------------------------
If there are no monthly sales, then , and
This is the y-intercept where employee just gets
straight salary of , so
and
is the y-intercept
-----------------------------
The slope is the commission of 5%, so
The equation is:
Here's the plot:
Both axes are scaled down to thousands of dollars
RELATED QUESTIONS
Sales employees at a furniture store are given two options for their wages:
Plan A:... (answered by ewatrrr)
You are offered two different furniture sales jobs. The Furniture Barn offers you a job... (answered by Boreal)
You are offered two different furniture sales jobs the furniture barn offers you a job... (answered by ewatrrr)
Miko smith, a salesperson at a discount furniture store, receives a monthly salary of... (answered by ewatrrr)
"You are offered two different sales jobs. The first company offers a straight commission (answered by ikleyn)
(1 pt) You are offered two different sales jobs. The first company offers a straight... (answered by checkley77)
You are offered two different sales jobs. The first company offers a straight commission... (answered by richwmiller)
you are offered two different furniture sales job. the furniture barn offers you a... (answered by ewatrrr)
Curt can be paid in one of two ways for the furniture he sells.
PLAN A: A salary of... (answered by josmiceli)