A real estate agency has fixed monthly costs associated with rent, staff salaries, utilities, and supplies. It earns its money by taking a percentage commission on total real estate sales. During the month of July, the agency had total sales of $832,000 and showed a net income (after paying fixed costs) of $15,704. In August, total sales were $326,000 with a net income of only $523. (a) Use a formula to express net income as a linear function of total sales. Let N be the net income in dollars, and let s be the total sales in dollars. (Round the terms to two decimal places.) N(s) = (b) Plot the graph of net income. N 20000 10000- 0 -10000 N 20000 10000 0 -10000 200000 400000 6 600000 800000 200000 400000 600000 800000 S O O N N 20000 10000 0 -10000 20000 10000- 01 -10000 200000 400000 600000 800000 S 200000 400000 600000 800000 $

A real estate agency has fixed monthly costs associated with rent, staff salaries, utilities, and supplies. It earns its money by taking a percentage commission on total real estate sales. During the month of July, the agency had total sales of $832,000 and showed a net income (after paying fixed costs) of $15,704. In August, total sales were $326,000 with a net income of only $523. (a) Use a formula to express net income as a linear function of total sales. Let N be the net income in dollars, and let s be the total sales in dollars. (Round the terms to two decimal places.) N(s) = (b) Plot the graph of net income. N 20000 10000- 0 -10000 N 20000 10000 0 -10000 200000 400000 6 600000 800000 200000 400000 600000 800000 S O O N N 20000 10000 0 -10000 20000 10000- 01 -10000 200000 400000 600000 800000 S 200000 400000 600000 800000 $

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.2: Systems Of Linear Equations: Three Variables

Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...

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