1593Civil EngineeringMedium
First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes?
A20 %
B18 %
C21 %
D19 %
Correct answer
C. 21 %
Explanation
The correct answer is 21 %.