Calculate a Business's Return on Sales When It Makes a Net

question 17

Multiple Choice

Calculate a business's return on sales when it makes a net profit of $500,000 from sales of $3 million.

• A)60%
• B)16.7%
• C)30.5%
• D)50.5%
• E)24.8%

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Definitions:

Criminal Charges

Formal accusations made by a legal authority asserting that an individual has committed a crime.

Code of Professional Conduct

A set of guidelines and ethical standards designed to govern the behavior and decision-making processes of professionals within a specific field or organization.

Business People

Individuals engaged in commercial, industrial, or professional activities, often with the aim of generating profit.

Provincial Business Society

A regional organization or association focused on the promotion and support of local business endeavours and interests.