If your base pay is $10,000, your commission rate is 40%, you sell 15 cars, and you earn $40,000, how much does each car cost?
2 answers:
Answer:
$5,000.
Step-by-step explanation:
Let x represent cost of each car.
We have been given that your base pay is $10,000, your commission rate is 40%, you sell 15 cars, and you earn $40,000. We are asked to find the cost of each car.
The commission earned on each car would be .
The commission earned for selling 15 cars would be .
The total amount earned by you would be base salary plus amount earned in commission.
Therefore, the cost of each car is $5,000.
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Answer:
Table 3 has a greater y intercept
Step-by-step explanation:
See attachment (1) & (2) for graph and tables
First, we have to determine the y intercept of the graph
The y intercept of any graph or table is the corresponding value of a point where
In the attached graph.
when
So:
Next, we determine the y intercept of each table.
Recall that: The y intercept of any graph or table is the corresponding value of a point where
For table 1:
For table 2:
For table 3:
By comparison, the y intercepts of tables (1) & (2) are less than the y intercept of the graph because: 3 and 2 are less than 4
However, the y intercept of table 3 is greater than the y intercept of the graph because 5 is greater than 4.
<em>Hence, table 3 has a greater y intercept</em>
