Answer:
option 2 $75,000
Step-by-step explanation:
Data provided in the question:
Amount for which the copyright to a book purchased = $15,000
Agreed royalty = 10% of the book sales
Minimum royalty to be paid= $60,000
Total book sales = $750,000
Now,
The Amount of royalty according to the agreement
= 10% of Total book sales
= 10% of $750,000
= $75,000
Since,
The amount the greater than the minimum royalty
Hence,
the agreement amount will be paid
i.e
option 2 $75,000