Answer:
$850,000.
Step-by-step explanation:
Let us find 25% of $20,000,000.
[tex]20,000,000*\frac{25}{100} =20,000,000*0.25=5,000,000[/tex]
Now we will find 85% of this amount as each member gives 15% of their share to their agent.
[tex]5,000,000*\frac{85}{100} =5,000,000*0.85=4,250,000[/tex]
Now we will divide this amount by 5 to find each band member's share.
[tex]\text{ Each band member's share}=\frac{4,250,000}{5} =850,000[/tex]
Therefore, each band member will get $850,000.
