A company earned $3,000 in net income for October.Its net sales for October were $10,000.Its profit margin is:
A)3%.
B)30%.
C)33%.
D)333%.
E)$7,000.

Name: A company earned $3,000 in net income for October.Its net sales for October were $10,000.Its profit margin is: A)3%. B)30%. C)33%. D)333%. E)$7,000.
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Question

Quizplus · Accepted Answer

The profit margin is calculated by dividing net income by net sales and then multiplying by 100 to get a percentage. So, ($3,000 / $10,000) * 100 = 30%.

A Company Earned $3,000 in Net Income for October