00:01
In this problem, we're trying to write an equation in y equals mx plus b form.
00:05
M is typically representative of a certain rate, and b is always going to be your initial value, since m is your slope or rate of change, and b is the y intercept.
00:14
So this person here is guaranteed $300 per week and 5 % commission.
00:19
So we're trying to come up with an equation, p, where we're basing on per week how much our total amount is going to make.
00:27
So the 5 % in here is our rate, since that's based upon the sales.
00:32
We write that as a decimal versus the five.
00:35
Then we have the initial amount.
00:36
Well, regardless of sales, they'll make $300, so that's going to be the b value.
00:41
So this is our answer for part a.
00:43
For part b, we want to know how much would we be paid if we had $4 ,000 in sales...