James Hardware sells door lock sets for $74.99, including installation. The company hires subcontractors to install the lock sets. The subcontractors receive $22.00 per lock set installed. Other overhead costs total $7.56 per set. If James Hardware pays $32.55 for each lock set, what is the company's net profit?

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1. James Hardware sells door lock sets for $74.99, including installation. The company hires subcontractors to install the lock sets. The subcontractors receive $22.00 per lock set installed. Other overhead costs total $7.56 per set. If James Hardware pays $32.55 for each lock set, what is the company's net profit?