Q1: Rearranging the last of the offered equations, you find
... selling price = overhead/(overhead percent) = $65.34/0.45 = $145.20
Then the net profit is
... net profit = selling price - cost - overhead = $145.20 - 49.32 - 65.34 = $30.54
Q2: Using the same net profit equation, you have
... net profit = selling price - cost - 0.47×selling price = 0.53×selling price - cost
... net profit = 0.53×$3,816,981.10 - 1,723,000.00 = $300,000
Q3: The applicable equation is
... net profit = markup - overhead
This matches selection ...
... B) Net Profit = $30.00 - 0.4 X Selling Price
