SOLUTION: A book sells at retail for $9.00 which is 112.5% royalty of the wholesale price if the author gets 5% royalty of the whole sale price and her agent gets 20% of her royalties how mu

Question 697648: A book sells at retail for $9.00 which is 112.5% royalty of the wholesale price if the author gets 5% royalty of the whole sale price and her agent gets 20% of her royalties how much does her agent make per book? solve.
a)3.00$
b)1.25$
c)0.90$
d)0.50$
e)0.08$
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A book sells at retail for $9.00 which is 112.5% royalty of the wholesale price if the author gets 5% royalty of the whole sale price and her agent gets 20% of her royalties how much does her agent make per book? solve.
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retail = 1.125*wholesale
wholesale = 9/1.125 = $8
royalty = 0.05*8 = $0.40
agent gets 0.20*0.40 = $0.08 = 8 cents
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Cheers,
Stan H.
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a)3.00$
b)1.25$
c)0.90$
d)0.50$
e)0.08$

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