The tabular values can be used to derive the formula relationship between x and P which gives the percentage commission of Zachary as 1%
How can the percentage commission be calculated?
From the above table, we have;
Where;
y = The fixed percentage commission Zachary makes
b = Zachary's base pay
Therefore;
- 105 = 3000 × y + b... (1)
- 110 = 3500 × y + b... (2)
- 125 = 5000 × y + b... (3)
Subtracting equation (1) from (2), gives;
110 - 105 = (3500 - 3000) × y + b - b = 0
5 = 500•y
y = 5/500 = 0.01 = 1%
- The percentage Zachary makes on his daily sales is y = 1%
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