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On average, Bosley's Bookstore sells a book for $50. Each book costs $18. Variable selling expenses are $5,50 per book, with the remaining selling expenses

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On average, Bosley's Bookstore sells a book for $50. Each book costs $18. Variable selling expenses are $5,50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed. Monthly fixed expenses total $10,000 What will Bosley's net income be if the store sells 1,000 books? $25,000 $22,000 $16,500 $15.000 None of the above

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