Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' profit margin be for 2015?
A) 5%
B) 7.5%
C) 9%
D) 11%

Question

Flingers Inc.reveals the following information in their annual report for FY 2014.  Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' profit margin be for 2015?
A) 5% 
B) 7.5% 
C) 9% 
D) 11%

Quizplus · Accepted Answer

The Answer of Flingers Inc.reveals the following information in their annual report for FY 2014.  Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' profit margin be for 2015?
A) 5% 
B) 7.5% 
C) 9% 
D) 11%