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Rappaport Corp.'s sales last year were $445,000, and its net income after taxes was $23,000. What was its profit margin on sales? Select the correct
Rappaport Corp.'s sales last year were $445,000, and its net income after taxes was $23,000. What was its profit margin on sales?
Select the correct answer.
a. 5.13 %
b. 5.17 %
c. 5.11 %
d. 5.19 %
e. 5.15 %
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