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Napoleon runs Llama's Lounge, a store which sells supplies and food items for llamas, and only llamas. Last year its net sales totaled $90,500
Napoleon runs Llama's Lounge, a store which sells supplies and food items for llamas, and only llamas. Last year its net sales totaled $90,500 with $7,761 in taxes. The value of the goods it sold was $42,300. The only expenses that the operation has are salaries to the owner (Napoleon) and one part-time assistant (Pedro) for $27,000, administrative expenses of $400, and utilities at $900. Calculate the net profit after tax for the Lounge. $12,139 $13,439 $19,900 $48,200 none of the above
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