Question

Piano player Bill Lindsay is paid 3.75% on his CD sales and music downloads. Last year, he sold 1.13 million CD's and 2.4 million music downloads. The CD's were sold to music stores for $6 each and the music downloads were $2. a.) What was the total amount of CD sales?b.)What was the total amount of downloads?c.) How much did Bill receive in royalties last year?

Answer 1

Given :

Bill Lindsay is paid 3.75% on his CD sales and music downloads.

Last year : the number of sales = 1.13 million CD's and 2.4 million music downloads.

The cost of 1 CD = $6

The cost of 1 music download = $2

a.) What was the total amount of CD sales?

The total cost of CDs =

`1.13\cdot10^6\cdot6=6.78\cdot10^6`

So, the cost will be 6.78 million dollar

b.)What was the total amount of downloads?

The total amount = 2.4 * 2 = 4.8 million dollar

c.) How much did Bill receive in royalties last year?​

Total amount of CDs and music downloads = 6.78 + 4.8 = 11.58 million dollars

so, Bill will receive 3.75% of the total

so, 3.75% of 11.58 =

`(3.75)/(100)\cdot11.58=0.43425`

So, he will receive = 0.43425* 1000,000 = $434,250