Question

A guitarist earns a royalty of 22% of the selling price of a CD. If he earns $2.64 on each CD sold, what is the selling price of the CD?

Answer 1

Answer-

The selling price of the CD is $12

Solution-

Given that, a guitarist earns a royalty of 22% of the selling price of a CD, which is $2.64.

Let us assume that the selling price of the CD is x

So the royalty he would be getting after each sell is,

$=x\times \frac{22}{100} =\frac{22x}{100}$

According to the question,

$\Rightarrow \frac{22x}{100}=2.64\\\\\Rightarrow x=2.64\times \frac{100}{22}=\frac{264}{22}\\\\\Rightarrow x=12$

Therefore, the selling price of CD is $12