A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold,
10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
What was the publisher's total revenue?
a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000
OA B
Source: Veritas Prep
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A publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold, 10 percent were sold at
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BTGmoderatorDC
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BTGmoderatorDC wrote: ↑Wed Mar 03, 2021 4:42 pmA publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold,
10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
What was the publisher's total revenue?
a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000
OA B
Source: Veritas Prep
A publisher printed 50,000 copies of a book. All but 500 copies were sold
So, 50,000 - 500 = 49,500
So, 49,500 books we sold
Of the books sold, 10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
10% of 49,500 = 4950
So, 4950 books sold for $10 apiece
49,500 - 4950 = 44,550
So, 44,550 books sold for $20 apiece
TOTAL revenue = (4950)($10) + (44,550)($20)
= 49,500 + 891,000
= 940,500
Answer: B
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Solution:BTGmoderatorDC wrote: ↑Wed Mar 03, 2021 4:42 pmA publisher printed 50,000 copies of a book. All but 500 copies were sold. Of the books sold,
10 percent were sold at half price, and the remaining copies were sold at the full price of $20.
What was the publisher's total revenue?
a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000
OA B
Half price is $10. We can create the expression:
49,500 x 0.1 x 10 + 49,500 x 0.9 x 20 =
49,500(1 + 18) = 940,500
Answer: B
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