An artist receives 20% royalty on the retail price of his recordings. if he receives $36,000 in royalties, what is the dollar amount of the retail price of his recordings?

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Parham Alvani · Answer 1 · 2019-02-08T16:30:21+0000

Answer:

The dollar amount of the retail price of his recordings is $180,000

Explanation:

Data:

20% royalty is $36,000

We are looking for the retail price that is 100%

We use cross-multiplication

a/b=c/d

$36,000/20%= x/100%

x=$36,000*100%/20%

x=$180,000

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An artist receives 20% royalty on the retail price of his recordings. if he receives $36,000 in royalties, what is the dollar amount of the retail price of his recordings?

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