Question 1: A companys sales for the reporting period were $300,000 and its net income after tax was $54,000. What is the profit margin?

(A) 16 percent

(B) 18 percent

(C) 22 percent

Question 2: The terms on an invoice dated January 3 are 2/10, net 30. The invoice total is $2,000. What amount of discount can be taken if the invoice is paid on January 16?

(A) $40

(B) $60

(C) $200

(D) None of the above