Rahim is asked to write a guide for H.S.C exam preparation. For this work the publishing company is giving him a choice of an one time payment of $25625 or 2000 plus 10% royalties per copy sold. If his royalty rate results in a royalty of $15.75 per guide sold. how many guides need to be sold for the total income received.
Solution(By Examveda Team)
Total Payment = $25625
Advance recieved = $2000
Rest payment = $23625.
On selling of one book Rahim gets, $15.75.
To get $23625, there must be = 23625/15.75 = 1500 books sold.
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