Calculate the net profit generated by Toby Inc.for a return of 8.6% from sales of $240 million.
A)$20.6 million
B)$78.4 million
C)$120 million
D)$206 million
E)$12.6 million

Question

Quizplus · Accepted Answer

The net profit is calculated by applying the return percentage to the sales amount. Here, 8.6% of $240 million = 0.086 * $240 million = $20.64 million, which rounds to $20.6 million.

Calculate the Net Profit Generated by Toby Inc