As a salesperson, you receive a monthly salary of $2000, plus a commission of 7% of sales. You receive an offer for a new job at $2300 per month, plus a commission of 5% of sales. (a) Write a linear equation for your current monthly wage W1 in terms of your monthly sales S. (b) Write a linear equation for the monthly wage W2 of your new job offer in terms of the monthly sales S. (c) Use a graphing utility to graph both equations in the same viewing window. Find the point of intersection. What does the point of intersection represent? (d) You expect sales of $20,000 per month. Should you change jobs? Explain.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Functions And Their Graphs
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

As a salesperson, you receive a monthly salary of $2000, plus a commission of 7% of sales. You receive an offer for a new job at $2300 per month, plus a commission of 5% of sales.
(a) Write a linear equation for your current monthly wage W1 in terms of your monthly sales S.
(b) Write a linear equation for the monthly wage W2 of your new job offer in terms of the monthly sales S.
(c) Use a graphing utility to graph both equations in the same viewing window. Find the point of intersection. What does the point of intersection represent?
(d) You expect sales of $20,000 per month. Should you change jobs? Explain.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 1 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University