A Company Earned $2,000 in Net Income for October

question 182

Multiple Choice

A company earned $2,000 in net income for October. Its net sales for October were $10,000. Its profit margin is:

• A) 2%.
• B) 20%.
• C) 200%.
• D) 500%.
• E) $8,000.

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Definitions:

Time of Day

A specific moment in the 24-hour cycle, categorized by hours, minutes, and sometimes seconds.

Jet Lag

A temporary disorder that causes fatigue, insomnia, and other symptoms as a result of air travel across time zones, disrupting the body's normal circadian rhythm.

Time Zones

Geographic regions in which the same standard time is used, based on the rotation of the Earth and its division into 24 sections.

Memory and Reasoning

Cognitive processes involving the storage, retrieval, and use of information to make decisions and solve problems.