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16. Shania Oboe wrote a teen fiction novel about vampires. She receives a 15% royalty based on the total

sales of the book. The book sells for $25 and 200,000 copies were sold last year. How much did Shania
receive in royalty payments for last year, to the nearest cent?

1 Answer

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Total sales = 200,000 x $25 = $5,000,000

Royalti = 15% x $5,000,000 = $750,000
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