Framing Division
The Framing Division had the following data:

Refer to the Framing Division.What is the profit margin percentage for Year 2008?
A)6%.
B)8%.
C)10%.
D)12%.

Question

Framing Division
The Framing Division had the following data:

Refer to the Framing Division.What is the profit margin percentage for Year 2008?
A)6%. 
B)8%. 
C)10%. 
D)12%.

Quizplus · Accepted Answer

the profit margin percentage for Year 2008 can be calculated by dividing the gross profit ($2,274,000) by the revenue ($22,740,000) and multiplying by 100 to get the percentage. This gives a profit margin of 10%.

Framing Division The Framing Division Had the Following Data