Thread: Amazon was highest bidder in Hocking auction
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Old 04-03-2011, 06:47 PM   #36
Piper_
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Quote:
Originally Posted by mr ploppy View Post
70% if they are cheaper than $2.99, or 30% if they are higher.
Quote:
Originally Posted by OtterBooks View Post
Higher or equal to, which explains why so many indie authored books are $2.99.
http://www.reuters.com/article/2010/...60J2R620100120

Under the new program, which takes effect on June 30, [2010] Amazon will pay authors and publishers 70 percent of a book's list price, net of delivery costs. The plan is limited to e-books whose list price is between $2.99 and $9.99.
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