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Rupert fish sells average fish for $ 12.00 which it purchases from various individuals for $ 5.00 each. Rupert fish has to pay $ 1,000.00
Rupert fish sells average fish for $ 12.00 which it purchases from various individuals for $ 5.00 each. Rupert fish has to pay $ 1,000.00 for rent every month, utilities of $ $500.00 and salary of $ 12,000 every month. The income tax rate is 10%.
- How many fish does Rupert fish need to sell to breakeven per month?
- How many fish does Rupert fish needs to sell to get the monthly net income after tax of $ 5,000
- How much fish does Rupert fish needs to sell to get after tax net income of $ 4,900
Please give the detailed explanation, especially please give me the difference between (2) and (3), "net income after tax of" and "after tax net income of"
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