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The production company Minningar ehf produces souvenirs. Last year was raw material cost ISK 1 4 , 0 0 0 and wages in a factory

The production company Minningar ehf produces souvenirs. Last year was
raw material cost ISK 14,000 and wages in a factory 19,000 ISK. Another one
production costs, e.g. electricity, heat and property taxes was ISK 17,000. Sales and
management costs were ISK 8,000. during the year. The company produced 5,000 pieces of
souvenirs during the year and sold 3,000 pcs. The average selling price was ISK 15/pc. Who was gross
profit (gross margin) of the year

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