An account executive receives a base salary plus a commission. On $40,000 in monthly sales, an account executive would receive compensation of $2500. On $70,000 in monthly sales, an account executive would receive compensation of $3400. Determine a linear function that yields the compensation y of a sales executive for a given amount of monthly sales x.     Use this model to determine the compensation of an account executive who has $90,000 in monthly sales. $

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 24CR: An outpatient operating room charges each patient a fixed amount per surgery plus an amount per...
icon
Related questions
icon
Concept explainers
Question

An account executive receives a base salary plus a commission. On $40,000 in monthly sales, an account executive would receive compensation of $2500. On $70,000 in monthly sales, an account executive would receive compensation of $3400. Determine a linear function that yields the compensation y of a sales executive for a given amount of monthly sales x.

 
 



Use this model to determine the compensation of an account executive who has $90,000 in monthly sales.
$

Expert Solution
Step 1

Given: An account executive receives a base salary plus a commission. On $40,000 in monthly sales, an account executive would receive compensation of $2500. On $70,000 in monthly sales, an account executive would receive compensation of $3400.

Let x represent monthly sales, and y be the compensation. Then as per the question, there are two ordered pairs (40000, 2500), and (70000, 3400).

Find slope using the formula y2-y1x2-x1

y2-y1x2-x1=3400-250070000-40000=90030000=0.03

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL