Musicmaker Ltd receives royalty payments on which agency expenses of 15% and tax of 30% have already been deducted. Last year, it received royalty payments of £110,000. Which ONE of the following correctly states the amount of agency expenses deducted? A £11,550 B £16,500 C £21,000 D £30,000

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Musicmaker Ltd receives royalty payments on which agency expenses of 15% and tax of 30% have already been deducted. Last year, it received royalty payments of £110,000. Which ONE of the following correctly states the amount of agency expenses deducted?

  1. A  £11,550

  2. B  £16,500

  3. C  £21,000

  4. D  £30,000

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