20 an author earns 12% royalties. if a book sells 25,000 copies at $18 each, how much? a) $54,000 b) $54,000…
20 an author earns 12% royalties. if a book sells 25,000 copies at $18 each, how much? a) $54,000 b) $54,000 c) $50,000 d) $55,000
Answer
Answer:
A. $54,000
Explanation:
Step1: Calculate total revenue
$25000\times18 = 450000$
Step2: Calculate author's royalties
$450000\times0.12=54000$