Celeste receives royalties on sales. She receives 10% of retail price of 500 copies sold and 12% further copies. In the first year, 12 514/retail price $21.95.

Question

Celeste recieves royalties on the sales of her book. She recieves 10% of the recommended retail price of the first 500 copies sold and 12% on any further copes.In the first year sales total 12 514 copies and the retail price was $21.95. How much does Celeste receive?

Answer 1

1) Royalties on the first 500 copies= 500x21.95X.10= $ 1,097.5

2) Royalties on the rest of the books = 12,514-500=12,014 X 21.95x.12= $31,644.87

Total Royalties on the 12,514 copies= $32,742.37 of the retail sales of $274,682.30.