A net profit margin of 15.4% means that the company used 84.6 cents of each sales dollar to cover costs and expenses.

Name: A net profit margin of 15.4% means that the company used 84.6 cents of each sales dollar to cover costs and expenses.
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Question

Quizplus · Accepted Answer

A net profit margin of 15.4% indicates that 15.4% of each sales dollar is profit, meaning the remaining 84.6% is used to cover costs and expenses.

A Net Profit Margin of 15