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For the year ended December 31, 2019, Weavers Comedy Store reported that its gross profit margin, operating profit margin and profit margin were 72%, 35%
For the year ended December 31, 2019, Weavers Comedy Store reported that its gross profit margin, operating profit margin and profit margin were 72%, 35% and 11% respectively. Weaver reported sales of $200,000 for the year. What were Weavers selling and administrative expenses for the year? Assume that all of Weavers operating expenses were comprised of selling and administrative expenses.
A. $70,000
B. $22,000
C. $56,000
D. $74,000
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