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Given: EBIT $250,000 interest expense $40,000 revenues $1,000,000 taxes $60,000 What is the net profit margin? I answered 25% (wrong) Please give me a breakdown

Given:

EBIT $250,000
interest expense $40,000
revenues $1,000,000
taxes $60,000

What is the net profit margin?

I answered 25% (wrong)

Please give me a breakdown of how to determine this.

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