The pie chart below depicts the percentage distribution of the costs associated with publishing a book.
What will be the royalty rate for these books if the publisher is required to pay Rs.30,600 in printing costs for a specific number of volumes?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs.22,950.
Total cost = Printing cost/Percentage for Printing
Total cost = 30600/0.2 = 153000
The royalty is 15% of the total cost
Royalty cost = 15% × Total cost
⇒ 15/100 × 153000 = 22950
Thus,
The royalty amount is ₹22,950 for the given number of volumes