Profit margin is the gap between the cost and the price of an item on a per product basis.

Name: Profit margin is the gap between the cost and the price of an item on a per product basis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit margin is calculated by subtracting the cost of a product from its selling price, and is expressed as a percentage or a dollar amount per unit. Therefore, it is the gap between cost and price on a per product basis.

Profit Margin Is the Gap Between the Cost and the Price