00:01
For this problem, we're going to be writing an equation in y equals mx plus b form.
00:05
Now, you have to remember that m represents slope.
00:08
So this is typically a rate of change.
00:10
And then b is your y intercept, so this is going to be your initial value.
00:14
So in here we're talking about a salesperson.
00:16
They have $25 per week plus a 7 % commission on total dollar value of salesmate.
00:23
So we're going to figure out what it is per week.
00:25
So the initial amount, which is guaranteed to happen, is $250.
00:28
So this is going to be representing our b value.
00:31
The rate of 7%, we're going to write as a decimal as 0 .07.
00:36
So our equation is going to be p equals for the pay, 0 .07 for sales, s, and then plus the 250.
00:47
So this is our first equation...