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Mikaela's Consulting, a smaller business that advises other small businesses about marketing and online marketing, had net sales of $500,000 last year. After deducting cost

Mikaela's Consulting, a smaller business that advises other small businesses about marketing and online marketing, had net sales of $500,000 last year. After deducting cost of goods sold, operating expenses, and income taxes, the firm had a net income of $50,000. What is Mikaela's net profit margin?

 

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