**Bulletin 137: The

Bulletin 137: The Shocking Truth Thats Making Headlines Already!

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A patent attorney helps a startup license a patent. The deal includes a $50,000 upfront fee and 8% royalties on net sales. If the product generates $1.2 million in first-year sales and net sales are 60% of gross, how much total does the patent holder earn in the first year?
Net sales = 60% of $1,200,000 = 0.6 × 1,200,000 = $<<0.6*1200000=720000>>720,000
Royalties = 8% of $720,000 = 0.08 × 720,000 = $<<0.08*720000=57600>>57,600

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