Question

A publisher sets the selling price of a book at ₹ 15.60 per copy. He pays royalty to the author as follows :2% of the selling price for the first 3,000 copies sold, 5% of the selling price for the next 3,000 copies sold and 15% of the selling price for the remaining copies sold . If 11,550 copies of the book were sold, calculate (a) the amount of royalty earned by the author. (b) the total profit made by the publisher, given that the production cost incurred is ₹68,000. Also find the profit percent made by the publisher.​

Answer 1

part a: 14000 royalty

part b: 89000 profit money