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

question 46

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

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Definitions:

Invitation to Do Business

An offer or solicitation made by a business seeking to engage with potential clients or customers.

Final Offer

The last proposal or statement of conditions one party will accept during negotiations.

Negotiating

The process of discussing terms and conditions in order to reach a mutual agreement.

Binding Contract

An agreement that is legally enforceable in a court of law, requiring all parties to fulfill their obligations as outlined.