Question

A rock group with 5 musicians gets 25% of the gross sales of their new album, but they have to give their agent 15% of their share. If the album grosses $20,000,000, what is each band member's share?

Answer 1

Answer:

$850,000.  

Step-by-step explanation:

Let us find 25% of $20,000,000.

$20,000,000*\frac{25}{100} =20,000,000*0.25=5,000,000$

Now we will find 85% of this amount as each member gives 15% of their share to their agent.  

$5,000,000*\frac{85}{100} =5,000,000*0.85=4,250,000$

Now we will divide this amount by 5 to find each band member's share.

$\text{ Each band member's share}=\frac{4,250,000}{5} =850,000$

Therefore, each band member will get $850,000.