Bobbytronics had $7,000,000 in profit for the year.Its sales were $11,200,000.Calculate the profit margin.
A)17.5%
B)62.5%
C)$34 million
D)$4.2 million
E)28%

Name: Bobbytronics had $7,000,000 in profit for the year.Its sales were $11,200,000.Calculate the profit margin. A)17.5% B)62.5% C)$34 million D)$4.2 million E)28%
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The profit margin is calculated by dividing the profit by the sales and then multiplying by 100 to get a percentage. So, ($7,000,000 / $11,200,000) * 100 = 62.5%.

Bobbytronics Had $7,000,000 in Profit for the Year