Using the Following Information, Calculate the Monthly Net Profit $\quad \$ 73,904$

Using the following information, calculate the monthly net profit. Sales for the month: $\quad \$ 73,904$
Food and labor costs $\quad 70 \%$ of sales
Rent and Insurance: $\quad \$ 1500$ /month
Supplies: $\quad \$ 2217 /$ month
Other overhead: $\quad \$ 3791 /$ month

A) $\$ 51,733$
B) $\$ 22,171$
C) $\$ 7508$
D) $\$ 14,663$

Correct Answer:

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