Bobbytronics Had $7,000,000 in Profit for the Year

question 22

Multiple Choice

Bobbytronics had $7,000,000 in profit for the year. Its sales were $11,200,000. Calculate the profit margin.

• A) 17.5%.
• B) 62.5%.
• C) 28%.
• D) $4.2 million.
• E) $34 million.

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