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[The following information applies to the questions displayed below.] The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of

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[The following information applies to the questions displayed below.] The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary The following data pertains to Shop 48 and is typical of the company's many outlets: Per Pair of Shoes $ 30.00 $ Selling price Variable expenses: Invoice cost Sales commission Total variable expenses 11.ee 4.00 15.00 Annual $ Fixed expenses: Advertising Rent Salaries Total fixed expenses $ 33,000 23,000 115,880 $ 171,000 3. If 10,600 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)

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