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6 December, 08:54

A salesman receives a fixed salary of $500 per week. In addition he is paid 12% of all sales over $1000. Write the formula that describes how his weekly salary, s, depends on his weekly revenue, r. (The revenue is the amount of money he collects by selling the goods.)

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  1. 6 December, 12:36
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    y = s + 0.12 (r-1,000)

    Explanation:

    Given:

    Fixed salary (s) = $500 per week

    Additional income = 12% of sales over $1,000

    Sales (r) = r

    Total weekly salary (y) = ?

    Computation of total weekly salary:

    Total weekly salary (y) = Fixed salary + Additional income

    Total weekly salary (y) = $500 + 12% of sales over $1,000

    Total weekly salary (y) = $500 + [12/100] * [sales - $1,000]

    Total weekly salary (y) = $500 + 0.12 * [sales - $1,000]

    Additional equation:

    y = s + 0.12 (r-1,000)
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