The below information is taken from the accounting records of Bornfree Limited for the current year:

Administration expenses

120000

Cost of goods sold

570000

Selling and distribution expenses

220000

Interest expense

50000

Net Sales

1200000

What is the profit margin for the current year for Bornfree?

Profit Margin ratio::Net Incomex 100 = x%

Net Sales

Select one:

a.

52.5%

b.

34%

c.

24%

d.

20%