Multiple Choice Quiz: If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin? a. 20% c. $285,000 e. 5% b. 2,000% d. $315,000.
Added by Richard W.
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Step 1: Calculate the profit margin by dividing the net income by the sales and multiplying by 100. Show more…
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