Use the information below to answer question 5. When hired as a loan officer, you can choose to get a monthly salary with a commission split or work
commission only. Both commissions are based on a percentage of the amount of the loans you close.
The following chart shows the salaries in each case based on 1% of the sales closed.
1% of total sales Monthly Salary with Commission only
commission
1,000
1,950
700
2,000
2,400
1,400
3,000
2,850
2.100
4,000
3,300
2,800
5,000
3,750
3,500
5. Write a system of equations that represents the information given above. Solve the system and
interpret your solution.