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) 28%.
D) $4.2 million.
E) $34 million.

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) 28%. D) $4.2 million. E) $34 million.
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Question

Quizplus · Accepted Answer

Profit margin is calculated as (Profit / Sales) * 100. So, ($7,000,000 / $11,200,000) * 100 = 62.5%.

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