1. Candle in the Wind is a store for people who enjoy and collect candles to decorate their homes. Last year its net sales totaled $125,000 with $13,700 in taxes. The value of the candles it sold was $42.300. The only expenses that the operation has are salaries to the owner and one part-time assistant for $52,000, administrative expenses of $400, and utilities at 5900. Calculate the net profit after tax for Candle in the Wind A. $54,700 B. $11,142 C. $27,661 D. $15.700 E. $10,700 2. Upseedaisees is popular loungewear that prides itself on its versatility. Last year, its net sales were $1,750,000 with cost of goods of $390,000. Taxes totaled $61,650. The company's expenses totaled $960,000. Calculate the company's net profit percentage. A. 8.8 percent B. 24.3 percent C. 19.3 percent D. 12.5 percent E. 90.5 percent 3. In response to a growing trend of workers eating at their work stations, OfficeEase, an Internet retailer, offers a line of products that can be used to protect office equipment and furniture including a plastic sheath for a computer keyboard and a spill-proof cup. Last year, its net sales were $1,450,000 with a cost of goods of $353,000. The company's expenses last year totaled $960,000. Calculate the company's net profit percentage. A. 9.4 percent B. 24.3 percent C. 36.7 percent D. 66.2 percent E. 8.0 percent