Delmont Movers has a profit margin of 7.1 percent and net income of $63,700.What is the common-size percentage for the cost of goods sold if that expense amounted to $522,600 for the year?
A)12.19 percent
B)23.50 percent
C)53.25 percent
D)61.06 percent
E)58.25 percent

Question

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The Answer of Delmont Movers has a profit margin of 7.1 percent and net income of $63,700.What is the common-size percentage for the cost of goods sold if that expense amounted to $522,600 for the year?
A)12.19 percent
B)23.50 percent
C)53.25 percent
D)61.06 percent
E)58.25 percent

Delmont Movers Has a Profit Margin of 7