Question
Download Solution PDFThe pie chart below depicts the percentage distribution of the costs associated with publishing a book.
What will be the royalty rate for these books if the publisher is required to pay Rs. 30,600 in printing costs for a specific number of volumes?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Printing cost percentage = 20%
Printing cost (P) = ₹30,600
Royalty percentage = 15%
Formula used:
Royalty = (Royalty % / Printing % ) × Printing cost
Calculation:
⇒ Royalty = (15 ÷ 20) × 30,600
⇒ Royalty = 0.75 × 30,600
⇒ Royalty = ₹22,950
∴ The correct answer is option (1).
Last updated on May 28, 2025
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