Based on the information in Table 1, the net profit margin is
A) 4.61%.
B) 2.94%.
C) 1.97%.
D) 5.33%.

Name: Based on the information in Table 1, the net profit margin is A) 4.61%. B) 2.94%. C) 1.97%. D) 5.33%.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The net profit margin is calculated by dividing the net profit by the total revenue and multiplying by 100. In this case, the net profit is $64,852 and the total revenue is $2,202,557, which gives a net profit margin of (64,852/2,202,557) x 100 = 2.94%. Therefore, the correct answer is B.

Based on the Information in Table 1, the Net Profit