Answer:
[tex]m = 1.5\%[/tex]
Step-by-step explanation:
Given
The attached table
Required
Determine his percentage commission
To do this, we need to calculate the slope (m) of the table as follows:
[tex]m = \frac{P_2 - P_1}{x_2 - x_1}[/tex]
Where
[tex](x_1,P_1) = (7000,165)[/tex]
[tex](x_2,P_2) = (7500,172.5)[/tex]
[tex]m = \frac{P_2 - P_1}{x_2 - x_1}[/tex] becomes
[tex]m = \frac{172.5 - 165}{7500- 7000}[/tex]
[tex]m = \frac{7.5}{500}[/tex]
[tex]m = 0.015[/tex]
Convert to percentage
[tex]m = 0.015 * 100\%[/tex]
[tex]m = 1.5\%[/tex]
Hence, his percentage commission is 1.5%