Answer:
a. The slope m is 0.02
b. The initial value b is 250
c. y = 0.02x + 250
d. His weekly income is $262 if the sales were $600.00
Explanation:
the form of the linear equation is y = m x + b, where
- m is the slope (rate of change)
- b is the y-intercept (constant amount)
∵ A real estate sales agent receives a salary of $250 per week
→ This is a fixed amount every week
∴ b = 250
∵ They give a commission of 2% of sales
→ This value depends on the sales (rate of change)
∵ 2% = 2 ÷ 100 = 0.02
∴ m = 0.02
a. The slope m is 0.02
b. The initial value b is 250
∵ y represents the weekly income
∵ x represents the sales
∵ m = 0.02 and b = 250
∴ The equation is y = 0.02x + 250
c. y = 0.02x + 250
∵ The sales were $600.00
∴ x = 600
→ Substitute it in the equation to find y
∵ y = 0.02(600) + 250
∴ y = 12 + 250
∴ y = 262
d. His weekly income is $262 if the sales were $600.00