- royalty
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consider a paperback at $6.95 sold at a 20-40% discount by major retailers, multiply by middling popularity in first run and then zero demand in second over-run that will have to be destroyed or returned to the publisher at the first-time authors expensenow consider the 5% of the net profit that the author takes home in reward for several years of hard work and pain, and dealing with publishers and an uncaring agentthis is the royalty.
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