Answer to Question #301346 in Financial Math for Abri

Question

Xander writes textbooks that sell for x dollars. He received a bonus of $2,500 for signing a contract, and he receives 8% commission on each book sale. Express the total amount of income Xander earns from selling y books algebraically.

Answer 1

The total amount of income Xander earns from selling y books is:

I = 2500 + 0.08X×Q, where Q is quantity of textbooks sold, X is the price per textbook, I is income.