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

question 2

Multiple Choice

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

• A)$75,000 (.15*50*10,000).
• B)$125,000 ((62.50-50)*10,000).
• C)$93,750 (.15*62.50*10,000).
• D)nothing.