Math Problem Statement

An account executive receives a base salary plus a commission. On $50,000 in monthly sales, an account executive would receive compensation of $2900. On $70,000 in monthly sales, an account executive would receive compensation of $3500. Determine a linear function that yields the compensation y of a sales executive for a given amount of monthly sales x.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Functions
Algebra
Slope-Intercept Form

Formulas

y = mx + b

Theorems

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Suitable Grade Level

Grades 9-12