First Benchmark Publishing’s gross margin is 50% of sales. The operating costs

Question

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?

Options:

A . 21 %

B . 20 %

C . 19 %

D . 18 %

Answer: Option A

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