Humayun is asked to write a guide for GMAT exam preparation. For his work, the publishing company is giving him a choice of a one-time payment of Tk. 25,625 or Tk. 2,000 plus 10% royalties ‘ per copy sold. If his royalty rate results in a royalty of Tk. 15.75 per guide sold, how many guides need to be sold for the total income received by Humayun to be the same from either choice?<br>

Basic Bank Assistan Manager -2012

Mathematics

1. Humayun is asked to write a guide for GMAT exam preparation. For his work, the publishing company is giving him a choice of a one-time payment of Tk. 25,625 or Tk. 2,000 plus 10% royalties ‘ per copy sold. If his royalty rate results in a royalty of Tk. 15.75 per guide sold, how many guides need to be sold for the total income received by Humayun to be the same from either choice?

[Basic Bank Asst.Manager-2012 : 2012]

1. 1,250

2. 1,437

3. 1,500

4. 1,550

5. None of these

Answer

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