Using the following information, calculate the monthly net profit. Sales for the month: $ \quad \$ 73,904 $
Food and labor costs $ \quad 70 \% $ of sales
Rent and Insurance: $ \quad \$ 1500 $ /month
Supplies: $ \quad \$ 2217 / $ month
Other overhead: $ \quad \$ 3791 / $ month

A) $ \$ 51,733 $
B) $ \$ 22,171 $
C) $ \$ 7508 $
D) $ \$ 14,663 $

Question

Using the following information, calculate the monthly net profit. Sales for the month: $ \quad \$ 73,904 $
Food and labor costs $ \quad 70 \% $ of sales
Rent and Insurance: $ \quad \$ 1500 $ /month
Supplies: $ \quad \$ 2217 / $ month
Other overhead: $ \quad \$ 3791 / $ month

A) $ \$ 51,733 $
B) $ \$ 22,171 $
C) $ \$ 7508 $
D) $ \$ 14,663 $

Quizplus · Accepted Answer

The Answer of Using the following information, calculate the monthly net profit. Sales for the month: $ \quad \$ 73,904 $
Food and labor costs $ \quad 70 \% $ of sales
Rent and Insurance: $ \quad \$ 1500 $ /month
Supplies: $ \quad \$ 2217 / $ month
Other overhead: $ \quad \$ 3791 / $ month

A) $ \$ 51,733 $
B) $ \$ 22,171 $
C) $ \$ 7508 $
D) $ \$ 14,663 $

Using the Following Information, Calculate the Monthly Net Profit $73,904 \quad \$ 73,904 $73,904

Using the Following Information, Calculate the Monthly Net Profit $\quad \$ 73,904$