Question

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?

Answer 1

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

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