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Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $97400 49000 48400 22600 $25800 2023 $86100 53900

Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $97400 49000 48400 22600 $25800 2023 $86100 53900 32200 18400 $13800 What was the 2024 profit margin closest to? 26.5% 16.0% O 49.7% 23.2%

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