Question

An artist receives 20% royalty on the retail price of his recordings. if he receives $36,000 in royalties, what is the dollar amount of the retail price of his recordings?

Answer 1

Answer:

The dollar amount of the retail price of his recordings is $180,000

Step-by-step explanation:

Data:

20% royalty is  $36,000

We are looking for the retail price that is 100%

We use cross-multiplication

a/b=c/d

$36,000/20%= x/100%

x=$36,000*100%/20%

x=$180,000

Answer 2

1% = 36000÷20= 1800
 100% = 100× 1800= 180000

 the dollar amount of the retail price of his recordings is $ 180000.