If a business earns an average profit and has yearly receipts of approximately $500,000, how much would the owner likely earn in a year?

Name: If a business earns an average profit and has yearly receipts of approximately $500,000, how much would the owner likely earn in a year?
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Question

Quizplus · Accepted Answer

The average profit margin for small businesses is typically around 5-10%. With $500,000 in receipts, a 5% profit margin would result in $25,000 in profit.

If a Business Earns an Average Profit and Has Yearly