Enid wrote a textbook for high school students. She receives a 5% royalty based on he total sales of the book. The book sells for $51.95 and 12,341 copies were sold last year. How much did Enid receive in royalty payments for last year, to the nearest cent?

Question

Mathematics

Karla Strong

24 October, 17:57

Enid wrote a textbook for high school students. She receives a 5% royalty based on he total sales of the book. The book sells for $51.95 and 12,341 copies were sold last year. How much did Enid receive in royalty payments for last year, to the nearest cent?

+3

Answers (1)

Know the Answer?

Cassidy Norman · Answer 1

The amount of royalties paid is $32055.75.

To find the amount of royalties, we multiply the cost of each book by the number of books, then by 5% (0.05):

51.95 (12341) (0.05) = 32055.75.