Barehugs is popular loungewear that prides itself on its versatility. last year, its net sales were $1,750,000 with cost of goods of $390,000. taxes totaled $61,650. the company's expenses totaled $960,000. calculate the company's net after tax profit margin percentage

First, we need to find the gross margin.

Gross margin = net sales - cost of goods sold

Gross margin = $1,750,000 = $390,000

Gross margin = $1,360,000

Then, we need to find the net profit before tax.

Net profit before tax = gross margin - expenses

Net profit before tax = $1,360,000 = $960,000

Net profit before tax = $400,000

Net income after taxes = (total revenue - total expenses) / total revenue

Net income after taxes = (1,750,000 - 960,000) / (1,750,000)

Net income after taxes % = 45%