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What is karn profit margin percentage

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Reference no: EM133172138

Question - Krazy Karn's Kayaks is a leading producer of quality kayaks in the competitive kayak market. Karn sells his kayaks to retailers and directly to consumers.

In 2018 Karn sold 700 kayaks to retailers at a price of $1,200 each and 500 kayaks direct to consumers at $1,900 each.

In 2018, Krazy Karn's variable cost of production and promotion is $800 per kayak.

Karn pays leases on his workshop and manufacturing equipment of $100,000 in total.

Required - Answer the following for Karn for 2018:

1. What is Karn's total Sales Revenue?

2. What is Karn's Total Cost?

3. What is Karn's Net Profit?

4. What is Karn's Profit Margin Percentage?

Reference no: EM133172138

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