A Company Earned $3,000 in Net Income for October

question 271

Multiple Choice

A company earned $3,000 in net income for October.Its net sales for October were $10,000.Its profit margin is:

• A)3%.
• B)30%.
• C)33%.
• D)333%.
• E)33.3%

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Definitions:

Cloud-Based ERP

Enterprise resource planning systems hosted on cloud computing platforms, enabling businesses to access their business-management applications over the internet.

Cost

An amount that must be paid or spent to buy or obtain something, including the effort or loss necessary to achieve a goal.

Legacy Silos

Outdated, isolated systems or organizational structures within a company that hinder integration and efficient workflow.

SAP Hana

An in-memory database and application development platform used for processing high volumes of data in real-time.