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:

Special-run Issues

Limited edition publications or productions focusing on specific topics or events, often with unique content.

Value-oriented Marketers

Marketers who focus on delivering not only high-quality products but also added value to satisfy customer needs and build loyalty.

Perceived Customer Benefits

The advantages or value that consumers believe they gain from purchasing and using a product or service.

Standard Markup

The routine addition of a set percentage to the cost of goods to establish the selling price, commonly used in retail to ensure profitability.