Candle in the Wind Is a Store for People Who

question 77

Multiple Choice

Candle in the Wind is a store for people who enjoy and collect candles to decorate their homes. Last year, its net sales totaled $125,000 with $13,700 in taxes. The cost value of the candles it sold was $42,300. The expenses that the operation has are salaries to the owner and one part-time assistant for $52,000, administrative expenses of $400, and utilities at $900. Calculate the net profit after tax for Candle in the Wind.

• A) $29,400
• B) $17,000
• C) $53,300
• D) $15,700
• E) $16,100

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