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 (afterpaying 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 W 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.2000020000NN1000010000200000 40o000600000 800000200000 400000 600000 800000-10000-100002000020000NN1000010000of200000400000800000600000200000400000600000 800000-10000-10000Identify the slope and vertical intercept. (Round your answers to two decimal places.)slopevertical intercept (s, N) = ((c) What are the real estate agency's fixed monthly costs? (Round your answer to two decimal places.)(d) What percentage commission does the agency take on the sale of a home? (Round your answer to two decimal places.)(e) Find the horizontal intercept. (Round your answers to two decimal places.)(5, N) = (|Explain what this number means to the real estate agency.The horizontal intercept $is the total ---Select--- vsales needed for the agency to break even.

Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

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 (aften paying fixed costs) of $15,704. In August, total sales were $326,000 vith 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 tvo decimal places.) (b) Plot the graph of net income. 2000 2000 400000 60000 2000 4000 e o0 -1000 200000 0000 600000 200000 400000 600000 -10000 Identify the slope and vertical intercept. (Round your answers to two decimal places.) slope vertical intercept (s, N) - (c) What are the real estate agency's fixed monthly costs? (Round your answer to two decimal places.) (d) what percentage commission does the agency take on the sale of a home? (Round your answer to two decimal places.) (e) Find the horizontal intercept. (Round your answers to two decimal places.) (5, N) - (| Explain what this number means to the real estate agency. The horizontal intercept $ is the total Select v sales needed for the agency to break even.

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...