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

Jamison Munoz

Mathematics

10 January, 19:56

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?

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Alia Gallegos · 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.