Question
Net revenue from a particular year's book sales totaled approximately \( \$ 2336 \) million. Online book sales accounted for \( 30 \% \) of this amount. What was the net revenue from online book sales that year? The net revenue from online book sales was about \( \$ \square \) million. (Round to the nearest million as needed.)
Ask by Sullivan Welch. in the United States
Feb 26,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The net revenue from online book sales was about \$701 million.
Solution
To find the net revenue from online book sales, calculate 30% of the total net revenue.
Step 1: Convert 30% to a decimal.
30% = 0.30
Step 2: Multiply the total revenue by 0.30.
0.30 × 2336 = 700.8
Step 3: Round 700.8 to the nearest million.
700.8 rounds to 701.
Thus, the net revenue from online book sales was about $701 million.
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Simplify this solution The Deep Dive
To find the net revenue from online book sales, you multiply the total net revenue by the percentage of online sales. Here, \( 30\% \) of \( \$ 2336 \) million is calculated as follows: \[ \text{Online book sales} = 0.30 \times 2336 = 700.8 \] Rounding to the nearest million gives us approximately \( \$ 701 \) million. Hence, the net revenue from online book sales was about \( \$ 701 \) million.
