Three authors team up to write a childrens book. The publisher pays them according to the following contracts
Author - Fixed Rate - Royalty
Patricia $3000 - 1n
Stephan - $1500 - 2n
Harlan - $1000 - 3n
Determine the total payout if the book sells
* 200 copies
* 5000 copies
To determine the total payout for each scenario, we need to calculate the payments for each author based on their contracts and the number of copies sold.
For the first scenario, where the book sells 200 copies:
1. Patricia's payment: $3000 + (1 * 200) = $3200
2. Stephan's payment: $1500 + (2 * 200) = $1900
3. Harlan's payment: $1000 + (3 * 200) = $1600
Therefore, the total payout for selling 200 copies is $3200 + $1900 + $1600 = $6700.
For the second scenario, where the book sells 5000 copies:
1. Patricia's payment: $3000 + (1 * 5000) = $8000
2. Stephan's payment: $1500 + (2 * 5000) = $12000
3. Harlan's payment: $1000 + (3 * 5000) = $16000
Therefore, the total payout for selling 5000 copies is $8000 + $12000 + $16000 = $36000.
So, the total payout for selling 200 copies is $6700, and the total payout for selling 5000 copies is $36000.