Calculate a business's return on sales when it makes a net profit of $500,000 from sales of $3 million.
A)60%
B)16.7%
C)30.5%
D)50.5%
E)24.8%

Name: Calculate a business's return on sales when it makes a net profit of $500,000 from sales of $3 million. A)60% B)16.7% C)30.5% D)50.5% E)24.8%
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Question

Quizplus · Accepted Answer

Return on Sales = (Net Profit / Sales) x 100%
Return on Sales = ($500,000 / $3,000,000) x 100%
Return on Sales = 0.1667 x 100%
Return on Sales = 16.7%

Calculate a Business's Return on Sales When It Makes a Net