Answer:
LV Beethoven Software's net profit is $300000.
Step-by-step explanation:
L V Beethoven Software's cost price = $1723000 and selling price = $3816981.10
Since overhead expenses are estimated at 47% of the selling price then overhead expenses will be = selling price × 47%
= selling price × [tex]\frac{47}{100}[/tex]
= 3816981.1 × 0.47 = $1793981.117
And we know net profit = selling price - (cost price + overhead expenses)
= 3816981.10 - (1723000+1793981.12)
= 3816981.1 - 3516981.12
= 299999.983 ≅ $300000.00
Hence net profit of L V Beethoven Software is $300000.
