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A publisher printed 50,000 copies of a book. All but 500 copies were s
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15 Jan 2021, 05:54
15 Jan 2021, 05:54
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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 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
Kudos for the right answer and explanation
a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000
Kudos for the right answer and explanation
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Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: A publisher printed 50,000 copies of a book. All but 500 copies were s
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15 Jan 2021, 06:30
15 Jan 2021, 06:30
1
Carcass wrote:
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
Kudos for the right answer and explanation
a) $859500
b) $940500
c) $950000
d) $999500
e) $1050000
Kudos for the right answer and explanation
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
Re: A publisher printed 50,000 copies of a book. All but 500 copies were s
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01 Dec 2022, 19:19
01 Dec 2022, 19:19
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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