Bling Records will sell each CD for $15. The band will receive a royalty rate of 1/2 of total sales. If you sell 500,000 CDs, how much will each member receive?

$3,750,000

Step-by-step explanation:

Since Bling Records sold a total of 500,000 CDs this means that the money made from half of these CDs would go to the band since they get 1/2 (50% or half) of the total sales as their royalty rate. Therefore, this would mean that 250,000 of the sales would go to the band. Since each CD sells for $15 we simply multiply this value by the number of CDs sold for the band to calculate the band's profit.

250,000 * $15 = 3,750,000

Now we can see that the band would have received a total of $3,750,000, which would be evenly divided between its members (number of members not stated).

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