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

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

MC Qu. 83 A company earned...

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

	2%
→	20%
	200%
	500%
	$8,000

$2,000/$10,000 = 20%