If a Book Has a Royalty Rate of 15% and 12,000

question 80

Multiple Choice

If a book has a royalty rate of 15% and 12,000 copies are sold to bookstores at $50 each the bookstore returns 2000 unsold books to publishers, and the bookstore sells the books to students for $62.50 the author will be paid

• A)$90,000 (.15*50*12,000).
• B)$75,000 (.15*50*10,000).
• C)$93,750 (.15*62.50*10,000).
• D)$112,500 (.15*62.50*12,000).

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