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An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. please solve for net profit margin.

An analysis of transactions made during July by NepCo, an Internet service provider, during its first month of operations is shown below. Increases and decreases affecting revenues and expenses are explained. Part 5 of 5 Stockholders' Equity Assets Accounts Receivable Supplies = Liabilities + Accounts Payable Equipment Retained Earnings Cash +14,500 Common Stock +14,500 +780 3 points -780 Utilities expense +6, 250 Service revenue +6,250 +14,050 +5,600 -8, 450 +1, 940 +1,940 Service revenue (a) (b) (c) (d) (e) (f) (g) (h) (i) (5) +665 eBook +665 -4,200 -4,200 -2,240 -1,065 +1,875 2,360 -2, 240 Wage expense -1,065 Rent expense -1,875 4,375 665 14,050 2,845 14,500 4,105 3-a. Calculate the net profit margin, expressed as a percent. (Round your answer to 1 decimal place.) Net Profit Margin 3.01%