Selim Is a Solicitor Whose Practice Generated £385 750 of Fees

Multiple Choice

Selim is a solicitor whose practice generated £385 750 of fees in the 20X6 financial year.His total expenses for the same period were £275 580.Selim expects his fee income to rise by 13% in the current 20X7 financial year.Expenses, however, are forecast to rise by only 11.7%.What is Selim's forecast net profit margin for the 20X7 financial year (to one decimal place) ?

A) 28.6%
B) 32.3%
C) 29.4%
D) 28.2%