Chapter Two is a paperback book exchange store.For each book trade,the buyer pays a $1 trade fee.Books that are sold and not traded cost half of their original purchase price.The store has total assets of $126,000,current assets of $40,200,and liabilities totalling $160,900.Its net sales equalled $35,000,and its net profit after taxes was $9,000.Calculate the store's net profit margin.
A) 7.1 percent
B) 21.7 percent
C) 22.4 percent
D) 25.7 percent
E) 27.7 percent

Question

Quizplus · Accepted Answer

Net profit margin equals $9,000/$35,000 = 25.7 percent.

Chapter Two Is a Paperback Book Exchange Store