Solution: Determine the percent of sales is their profit after taxes?

Solution: Determine the percent of sales is their profit after taxes?

Problem Statement: Engineering Economics

Percent of Sales Problem Solving

First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?

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A. 21%

B. 20%

C. 19%

D. 18%

Problem Answer:

The percent of sales is their profit after taxes is equal to 21%.

View Solution:

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2 Comments

  1. Spencer Agiao
    • engr

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