He had $5,000,000 in CD sales; $3,300,000 in video sales; and he earned $1,245,000 in royalties.
1,000,000 CDs * $5 each = $5,000,000
550,000 videos * $6 each = $3,300,000
Total sales = 5,000,000+3,300,000 = 8,300,000
15% royalties = 0.15(8,300,000) = 1,245,000
7% of $5100 is 357
416.50 / 357 = 1.16
I will take 1.16 years to gain $416.50
Answer:
Step-by-step explanation:
2/3 30/60 30
Step-by-step explanation:
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