What is the approximate MRP?
Approximate MRP is the lowest price that you can fix for your book. This price includes the printing and distribution cost.
What are the factors that can influence the approximate MRP of a book?
The aproximate MRP is influenced by the total number of pages, color pages in a book,the type of cover- hard cover or paper back and size of book.
Can I fix a higher MRP?
Yes, you can fix an MRP that is higher then the approximate MRP. This would result into getting higher Royalty payouts.
Approximate MRP is recommended for which type of book?
A approximate MRP is recommended for novels. Books that are specialized or niche books you can keep a higher MRP.
How can i increase the royalty i earn on my book?
You can increase your royalty by incresaing the MRP or by reducing the number of pages in your book but keeping the MRP same.
How is the distribution cost calculated?
The distribution cost will include the distributors margin plus overheads of sending books to the distributors.
How is the royalty calculated?
The author royalty is 100% of net profit and the net profit is calculated by subtracting the book production cost and the distribution cost from the MRP.