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Corp's sales last year were $280,000, and its net income was $23,000. What was its profit margin? 8.88% 8.93% 8.21% 8.65%

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Corp's sales last year were $280,000, and its net income was $23,000. What was its profit margin? 8.88% 8.93% 8.21% 8.65%

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