Question

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?

Answer 1

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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