Question:

Assume that you don't know the commission rate, but you do know the actual amount of daily commission you earned and the total dollar value of the shoes you sold. Based on these values, you can derive

Assume that you don't know the commission rate, but you do know the actual amount of daily commission you earned and the total dollar value of the shoes you sold. Based on these values, you can derive a formula for the commission rate. Using the slope-intercept form of a line, write an equation to calculate the commission y, based on sales, x. Hint: The y-intercept will be zero since you get no commission if you have no sales.

Assume that you don't know the commission rate, but you do know the actual amount of daily commission you earned and the total dollar value of the shoes you sold. Based on these values, you can derive a formula for the commission rate. Using the slope-intercept form of a line, write an equation to calculate the commission y, based on sales, x. Hint: The y-intercept will be zero since you get no commission if you have no sales.