X Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2017 operations.

Sales (2,000 televisions)$2,000,000

Cost of goods sold 570,000

Store manager's salary per year 130,000

Operating costs per year (100,000 is fixed)280,000

Advertising and promotion per year 32,000

Commissions (2.3% of sales)46,000

What are the estimated net margin if the company expects to sell 3,300 units next year?