John is paid a retainer of $550 a week as well as a 2% commission on sales made. Find his income for the week if in one week he sells cars worth of $80000
Set up the income function C(s) where s is the number of sales for a week. Since 2% can be written as 0.02, we have:
I(s) = Retainer + 2% of sales
I(s) = 550 + 0.02s
The problem asks for a I(s) where s = 80,000:
I(s) = 550 + 0.02(80000)
I(s) = 550 + 1600
I(s) = 2150
Set up the income function C(s) where s is the number of sales for a week. Since 2% can be written as 0.02, we have:
I(s) = Retainer + 2% of sales
I(s) = 550 + 0.02s
The problem asks for a I(s) where s = 80,000:
I(s) = 550 + 0.02(80000)
I(s) = 550 + 1600
I(s) = 2150