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A gift-boxed silver pen set can be purchased at Ramirez Jewelers for $59.99. It costs Ramirez Jewelers $27.56 to create each set. Additionally, the overhead rate is 17% of the selling price. What is Ramirez's net profit on a pen set?

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1. A gift-boxed silver pen set can be purchased at Ramirez Jewelers for $59.99. It costs Ramirez Jewelers $27.56 to create each set. Additionally, the overhead rate is 17% of the selling price. What is Ramirez's net profit on a pen set?





 
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