Question

Enid wrote a textbook for high school students. She receives a 5% royalty based on the 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?.

Answer 1

Explanation:

Total sales = $51.95 × 12,341

Total sales = $641,114.95

Therefore, Royalty = 5% × $641,114.95

Royalty = $32055.7475

Royalty= $32055.7 (to the nearest cent)