Books Again is a paperback book exchange. For each book trade, the buyer pays a $1 trade fee. Books that are sold and not traded cost half of their original purchase price. The store has total assets of $126,000 and current assets of $40,200. Its net sales equaled $35,000, and its net profit after taxes was $9,000. Calculate the store's net profit percentage.

Answer rating: 100% (QA)

To calculate the stores net profit percentage we need to find the net profit and then divide it by t... View the full answer