1 A line has a slope of -1/2and a y-intercept of -2.
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Given:
Lamont cotton is 4% commission on the first 10,000 of monthly sales and 10% on all sales over 10,000.
Consider his last month sales is 38,000.
To find:
The total commission.
Solution:
4% commission on the first 10,000 of monthly sales is
Sales over 10,000 is
10% commission on all sales over 10,000 is
Now, the total commission is
Therefore, the total commission is 3,200.