Question

this more of an accounting question
but its mathy like
if given the direct cost of sales=37000 and gross profit=75000 and Net profit=10%, what is the amount for the overhead expenses?

Answer 1

somehow we are suppose to get 25,800

Answer 2

cost = 37000
profit = 75000

gross is before taxes and net is after right?

Answer 3

i believe so

Answer 4

or is the 75000 spose to be revenue? and you have to minus the costs to get to the profit?

Answer 5

saying that net profit is 10% and asking what overhead costs (fixed expenses perhaps) are seems rather odd

Answer 6

i'm so confused about this stuff

Answer 7

i don't what 10% means
it doesn't say 10% of what

Answer 8

net profit comes from gross profits; and taxes is the only thing that should affect it

Answer 9

but if gross is 75000, then net would be 7500 to take home

Answer 10

but thats beside the point; profit = revenue(money in) - costs(money out)

Answer 11

37000-7500 is really close to 28500

Answer 12

it only differs by 1000

Answer 13

75000 = Revenue - 37000 - fixed costs

Answer 14

wait no im wrong

Answer 15

we want 25800 not 28500 :(

Answer 16

this is more reasonably set up as:

P(x) = 75000 - 37000 - fixed costs(F)

P(x) = 38000 - F , but even then tere is not enough info that I see to make sense of the question

Answer 17

re read the question and see if you have all the parts right or at least are not missing any part to it

Answer 18

37000-75000(.1)-.1(37000)=25800

Answer 19

37000-(.1)(75000+37000)

Answer 20

Gross profit-netprofit%(Direct cost+gross profit)
does this make sense?

Answer 21

not according to any accounting classes ive taken ...

Answer 22

lol
we get 25800 from it

Answer 23

if thats the answer you want, then go for it ;)

Answer 24

i want one that make senses though

Answer 25

just because it says it is the answer doesn't mean it is