a publisher sets the selling price of a book at rupees 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 3000 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 rupees 68,000
Also find the profit percent made by the publisher.
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