Rappaport Corp

question 45

Multiple Choice

Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000.What was its profit margin on sales?

• A) 6.49%
• B) 6.83%
• C) 7.19%
• D) 7.55%
• E) 7.92%

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Definitions:

Bloodstream

The system of blood vessels (arteries, veins, and capillaries) through which blood flows within an organism, delivering oxygen and nutrients to tissues and removing waste products.

FIFRA

The Federal Insecticide, Fungicide, and Rodenticide Act, which is a United States law that sets up the basic U.S. system of pesticide regulation to protect applicators, consumers, and the environment.

Herbicides

Chemical substances used to control or eliminate unwanted vegetation, especially weeds, in agricultural or landscape maintenance.

Glyphosate

A broad-spectrum systemic herbicide used to kill weeds, especially annual broadleaf weeds and grasses that compete with crops.