Sales are $150,000 p.a., cost of sales is $100,000 p.a., fixed expenses are $18,000 p.a. and net profit is $32,000. If there is a 2% increase in the gross profit margin, what will be the new net profit?

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The Answer of Sales are $150,000 p.a., cost of sales is $100,000 p.a., fixed expenses are $18,000 p.a. and net profit is $32,000. If there is a 2% increase in the gross profit margin, what will be the new net profit?

Sales Are $150,000 P