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The equation y=0.02x+250 gives the weekly income y in terms of sales x.
Step-by-step explanation:
Given,
Weekly salary of real estate agent = $250
Commission rate = 2%
Let,
x be the sales per week.
y be the total weekly income.
Amount of commission = 2% of sales per week
Amount of commission =
Amount of commission = 0.02x
Total weekly income = Amount of commission + Weekly salary
The equation y=0.02x+250 gives the weekly income y in terms of sales x.
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