Mathematics: Arecording artist receives a royalty payment of 7% for each cd sold, and has an agent who gets 4% of what the recording artist gets. what is the artist’s earnings for the cd if the sales total is $2,500,000 ?

Arecording artist receives a royalty payment of 7%

Ответ:

missalawode28

11.03.2022

Mathematics

The artist's earnings for the CD will be $168000.

Step-by-step explanation:

The total sales amount is $2500000

The artist receives a royalty payment of 7%. So, the amount of royalty, the artist receives will be: $(\$2500000\times 7\%)= (\$2500000\times 0.07)=\$175000$

The agent gets 4% of what the recording artist gets. So, the amount of money the agent gets will be: $(\$175000\times 4\%)=(\$175000\times 0.04)=\$7000$