Second Chance LLC is a paperback book exchange.For each book trade,the buyer pays a $1 trade fee.Books that are sold and not traded cost half of their original purchase price.The store has total assets of $126,000 and current assets of $40,200.Its net sales equaled $35,000,and its net profit after taxes was $9,000.Calculate the store's net profit percentage.
A) 7.1%
B) 21.7%
C) 22.4%
D) 25.7%
E) 27.7%
Correct Answer:
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