Francesco Earned $3,000 Profit for October

question 15

Multiple Choice

Francesco earned $3,000 profit for October.Its net revenues were $10,000.Its profit margin is

• A)$7,000
• B)30%
• C)500%
• D)2%
• E)200%

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Definitions:

Income Inheritance

The transference of wealth or assets from one individual to another upon the death of the former, typically through a legal process or will.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the extent of poverty in a country.

Absolute Number

An absolute number is a value expressed without any reference to other data, representing a quantity on its own.

Poverty Trends

The patterns or changes in levels and rates of poverty over a period of time across different regions or population groups.