How much profit will the professor receive from the book?

Question

A professor signed a contract with a publishing company for the publication of a college textbook. The contract states that the professor will receive $5000 when the manuscript is complete and $5.00 for each textbook sold. For formatting services, the professor will also receive $200 that must be paid back to the company.

If a total of 300 textbooks are sold, how much profit will the professor receive from the book?

A. $6300

B. $6500

C. $6700

D. $6900

Answer 1

Bran,

 

So if we set up the equation for x books determining total profit:

5x+5000-200=p

x=300 so 5(300)+5000-200=6300.

 

Hope that helps!