The creator of a new game receives a royalty of 8% of the selling price of each game sold. The company that produces the game receives the remaining amount. If the company receives $10.10 per game sold, what is the selling price of the game?
If the creator receives 8% of each game sold, then the company that produces the game gets the remaining 100-8, or 92% of the revenue. Let n be the selling price of the game. Then:
.92n=10.10
n=10.10/.92=10.98 price of the game
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To find the selling price of the game, we need to consider that the creator receives a royalty of 8% of the selling price, and the company receives the remaining amount, which is $10.10 per game.
Let's assume the selling price of the game is "x" dollars.
According to the given information, the creator receives 8% of the selling price as a royalty. This can be written as 0.08x.
Since the company receives the remaining amount, which is $10.10 per game, we can write this as (100% - 8%) of the selling price. This can be written as 0.92x.
Now, we can set up an equation to solve for "x":
0.08x + 0.92x = 10.10
Combining like terms, we have:
1x = 10.10
Dividing both sides by 1, we find:
x = 10.10
Therefore, the selling price of the game is $10.10.