Profit Margin Bomont Co.'s sales rose 8.0% over prior year sales of $250,000, however net income increased by 22.5% over the prior year's net income. If Bomont's prior year profit margin was 20%, what is the current year profit margin? Note: Round answer to one decimal place (ex: 15.7%) 20 X% Check Incorrect Marks for this submission: 0.00/2.17. Previous Save Answers Profit Margin Bomont Co.'s sales rose 8.0% over prior year sales of $250,000, however net income increased by 22.5% over the prior year's net income. If Bomont's prior year profit margin was 20%, what is the current year profit margin? Note: Round answer to one decimal place (ex: 15.7%) 20 X% Check Incorrect Marks for this submission: 0.00/2.17. Previous Save Answers