Accountancy, asked by brani6804, 11 months ago

Explain with example the meaning of Royalty​

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Answered by yasaswi797
1

Answer:yes

Explanation:

If you purchase a music CD of your favourite artist for 100₹, 70₹ will go to the manufacturer of CD like Sony music and 30% will go to the artist who sang that song like Udit Narayan.

There are predetermined royalty rates to pay to the artists for using their music in public functions, festivals etc.

Answered by maheshwarishipra2
1

Answer:

royalty is a defined as a person or a group of people related to a monarch , or a share of the proceeds paid to the owner for use of their work or the ownership rights . An example of royalty is a king . An example of royalty is a payment to a music composer.

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