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10. Royal Corp's sales last year were $560,000, and its net income was $46,000. What was its profit margin? a) 7.41% b) 7.80% C) 8.219.

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10. Royal Corp's sales last year were $560,000, and its net income was $46,000. What was its profit margin? a) 7.41% b) 7.80% C) 8.219. d) 8.63% e) None of the above

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