Answer:
$240,000
Explanation:
Selling price per pair of shoes $160 x 12,000 ...1,920,000
Cost (to you) per pair of shoes $80 x 12,000 .... $960,000
Sales commission per pair $10 x 12,000.......... $120,000
Salaries ..........................................................................$420,000
Rent................................................................................ $120,000,
Advertising..................................................................... $20,000,
Insurance .........................................................................$16,000,
Miscellaneous fixed costs ........................................<u>..$24,000,</u>
Profit ..............................................................................<u>$240,000</u>