Homework Help is Here – Start Your Trial Now!
Math
Algebra
A sales agent is offered two salary options. Option 1 is a starting salary of $70,000 plus 13% of sales made per year. Option 2 is an initial salary of $65,000 and 26% of sales made per year. Let x represent dollars in sales made per year and y be the salary. (a) Write an equation for the annual salary for Option 1. (b) Write an equation for the annual salary for Option 2 (c) Solve the system of equations by substitution and interpret the solution. Fill in the blanks (Round your answer to two decimal places) When sales are $ Number both of the slaries would be $ Number (d) Suppose the sales agent selected Option 1. If the agent made $85,000 in sales during the third year of working at this company, was this option the best deal at that time? Choose the appropriate answer. O Yes, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O No, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. Yes, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100. O No, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100.

A sales agent is offered two salary options. Option 1 is a starting salary of $70,000 plus 13% of sales made per year. Option 2 is an initial salary of $65,000 and 26% of sales made per year. Let x represent dollars in sales made per year and y be the salary. (a) Write an equation for the annual salary for Option 1. (b) Write an equation for the annual salary for Option 2 (c) Solve the system of equations by substitution and interpret the solution. Fill in the blanks (Round your answer to two decimal places) When sales are $ Number both of the slaries would be $ Number (d) Suppose the sales agent selected Option 1. If the agent made $85,000 in sales during the third year of working at this company, was this option the best deal at that time? Choose the appropriate answer. O Yes, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O No, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. Yes, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100. O No, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100.

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 39EQ
See similar textbooks
icon
Related questions
Question
A sales agent is offered two salary options. Option 1 is a starting salary of $70,000 plus 13% of sales made per year. Option 2 is an initial salary of $65,000 and 26% of sales made per year. Let x represent dollars in sales made per year and y be the salary. (a) Write an equation for the annual salary for Option 1. (b) Write an equation for the annual salary for Option 2 (c) Solve the system of equations by substitution and interpret the solution. Fill in the blanks (Round your answer to two decimal places) When sales are $ Number both of the staries would be $ Number (d) Suppose the sales agent selected Option 1. If the agent made $85,000 in sales during the third year of working at this company, was this option the best deal at that time? Choose the appropriate answer. O Yes, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O No, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O Yes, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100. No, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100.
Transcribed Image Text:A sales agent is offered two salary options. Option 1 is a starting salary of $70,000 plus 13% of sales made per year. Option 2 is an initial salary of $65,000 and 26% of sales made per year. Let x represent dollars in sales made per year and y be the salary. (a) Write an equation for the annual salary for Option 1. (b) Write an equation for the annual salary for Option 2 (c) Solve the system of equations by substitution and interpret the solution. Fill in the blanks (Round your answer to two decimal places) When sales are $ Number both of the staries would be $ Number (d) Suppose the sales agent selected Option 1. If the agent made $85,000 in sales during the third year of working at this company, was this option the best deal at that time? Choose the appropriate answer. O Yes, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O No, because for $85,000 in sales Option 1 would yield a salary of $87,100 and Option 2 would yield a salary of $81,050. O Yes, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100. No, because for $85,000 in sales Option 1 would yield a salary of $81,050 and Option 2 would yield a salary of $87,100.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
SEE MORE TEXTBOOKS