If a book has a royalty rate of 15%, 10,000 copies are sold to bookstores at $50 each, and the bookstore sells the books to students for $62.50, the author will be paid

Name: If a book has a royalty rate of 15%, 10,000 copies are sold to bookstores at $50 each, and the bookstore sells the books to students for $62.50, the author will be paid
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Question

Quizplus · Accepted Answer

The author's royalty is calculated based on the wholesale price ($50) times the number of copies sold (10,000) times the royalty rate (15%), which equals $75,000.

If a Book Has a Royalty Rate of 15%, 10,000