The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly commission basis. Given the increased incentive, they expect net sales to increase by 15%. As a result, they estimate that gross profit will increase by $41,252 and expenses by $59,772. Compute the expected new net income. Then, compute the revised profit margin and gross profit rate. (Ignore income tax effects.) Previous Data

Gross Profit: 275094

Net Sales: 901680

Net income:33558

Find the following values and show all steps?.

Revised Net Income:

Revised Profit Margin:

Revised Gross Profit Rate: