Question

Trevor has just finished writing a deeply profound book titled The Longer I Live, The Older I Get. The publisher has given him two options: receiving $20,000 up front and 8% of the sales of the book or $50,000 up front and 5% of the sales of the book. What do the sales have to be for Trevor to make the same amount from each option?​

Answer 1

• $1000000

Explanation:

Let the sales be x.

The amount of each option should be equal.

It gives us the following equation:

• 20000 + 0.08x = 50000 + 0.05x
• 0.08x - 0.05x = 50000 - 20000
• 0.03x = 30000
• x = 30000/0.03
• x = 1000000