The table provides daily data on Artem's Sandwich Shop. Use these data to answer the question.
What is Artem's profit margin?
$$\begin{array}{l}
\text { Table: Artem's Sandwich Shop }\
\begin{array} { | c | c | c | c | c | c | }
\hline \begin{array} { c }
\text { Total } \
\text { revenue }
\end{array} & \text { Total cost } & \begin{array} { c }
\text { Average } \
\text { revenue }
\end{array} & \begin{array} { c }
\text { Fixed } \
\text { costs }
\end{array} & \begin{array} { c }
\text { Variable } \
\text { costs }
\end{array} & \text { Quantity } \
\hline \$ 1,600 & \$ 1,400 & \$ 8 & \$ 400 & \$ 1,000 & 200 \
\hline
\end{array}
\end{array}$$
A)$1
B)$2
C)$7
D)$8

Question

The table provides daily data on Artem's Sandwich Shop. Use these data to answer the question.
What is Artem's profit margin?
$$\begin{array}{l}
\text { Table: Artem's Sandwich Shop }\
\begin{array} { | c | c | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Total } \
\text { revenue }
\end{array} & \text { Total cost } & \begin{array} { c } 
\text { Average } \
\text { revenue }
\end{array} & \begin{array} { c } 
\text { Fixed } \
\text { costs }
\end{array} & \begin{array} { c } 
\text { Variable } \
\text { costs }
\end{array} & \text { Quantity } \
\hline \$ 1,600 & \$ 1,400 & \$ 8 & \$ 400 & \$ 1,000 & 200 \
\hline
\end{array}
\end{array}$$
A)$1
B)$2
C)$7
D)$8

Quizplus · Accepted Answer

Profit margin = (Total revenue - Total cost) / Total revenue= (1600 - 1400) / 1600= 200 / 1600= 1/8= 0.125= 12.5%

The Table Provides Daily Data on Artem's Sandwich Shop A)$1 B)$2 C)$7 D)$8

The Table Provides Daily Data on Artem's Sandwich Shop A)$1
B)$2
C)$7
D)$8