Question

Professional baseball player Rusty Raspberry earns $1,715,000 a year playing baseball. Last

year, a biography that he had written sold 300,000 copies at a price of $24 each. Raspberry
received 10% in royalties on the book sales. What was his total salary last year from the book
and his baseball career?

Answer 1

Rusty Raspberry's total earnings last year would be the sum of his earnings from playing baseball and his earnings from book royalties.

Earnings from playing baseball = $1,715,000

To calculate earnings from book royalties, we need to find out how much Rusty received in royalties for the 300,000 copies sold.

Royalties per book = 10% of $24 = $2.40

Total royalties for 300,000 books = $2.40 x 300,000 = $720,000

Therefore, Rusty Raspberry's earnings from book royalties last year = $720,000

Total earnings = Earnings from playing baseball + Earnings from book royalties

= $1,715,000 + $720,000

= $2,435,000

Therefore, Rusty Raspberry's total salary last year from the book and his baseball career was $2,435,000.