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You may need a calculator to answer this question. Consider the following information for a business: Sales 1,000,000 Cost of sales 250,000 Operating expenses 180,000
You may need a calculator to answer this question. Consider the following information for a business:
| |
Sales | 1,000,000 |
Cost of sales | 250,000 |
Operating expenses | 180,000 |
Tax | 40,000 |
What is the net profit margin of the business?
Select one:
a. 75%
b. 57%
c. 53%
d. 71%
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