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 12341 copies were sold last year how much did Enid receive in royalty payments for last year to the nearest cent

Answer 1

$32,055.75

Explanation:

51.95 x 12341 = 641,114.95 (the total amount of money made by the books)

641,114.95 x 0.05 = 32,055.7475

(0.05 is the 5% royalty, since percents are out of 100 you use decimal points to find them)

$32,055.75 (final answer rounded)