Royalty and Discount calculations for offline orders to improve the sales of the books
Note 1: Royalty will be fixed at 30% as usual for online purchases through Amazon, Flipkart, and IIP Store.
Note 2: Royalty will be fixed at 70% as usual for online purchases through Kindle (E-Books)
Table 1: Royalty on MRP for Offline orders
Number of copies per order |
Royalty on MRP |
Up to 200 |
Slab1 25% |
201 to 500 |
Slab2 20% |
501 and above |
Slab3 15% |
Table 2: Discount on MRP for Offline orders
Number of copies per order |
Discount on MRP |
Up to 49 |
Slab1 20% |
50 to 100 |
Slab2 25% |
Above 100 |
Slab3 30% |
Case 1:
If the author directly gives us the sales/purchase order (where the author does not require royalty), then the
Purchase Cost=MRP(minus) Royalty%ofMRP(minus)Discount%ofMRP
For example, If the author orders 40 Books directly (provided acceptance on Royalty cancellation for this particular purchase order) and if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Royalty%ofMRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Royalty deduction and Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 25%(1000) - 20%(1000) = Rs.550/-
Note: No Royalty will be paid to the author as per Table 1.
Case 2:
If the distributor or third party gives us the sales/purchase order, then the
Purchase Cost=MRP(minus)Discount%ofMRP
For example, If the distributor or third party orders 40 Books directly, if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 20%(1000) = Rs.800/-
Note: Royalty will be paid to the author as per Table 1.
Case 3:
If the author directly gives us the sales/purchase order on behalf of his/her contacts (the author requires royalty), then the
Purchase Cost=MRP(minus)Discount%ofMRP
For example, If the distributor or third party orders 40 Books directly, if the MRP of this book is Rs.1000/- Then,
Purchase Cost per Book = MRP (minus) Discount%ofMRP
Number of copies = 40 which comes under Slab 1 of Discount.
Purchase Cost per Book=Rs.1000 - 20%(1000) = Rs.800/-
Note: Royalty will be paid to the author as per Table 1.
For any queries regarding royalty and sales, Please mail to sales@iiponline.org or Contact to +91-8861511583