Question

An owner had a profit margin of $75,000 last year. She expects to receive $2,000,800 from sponsorships this year with no additional expenses. What is the estimated profit margin for the upcoming year?

Answer 1

Answer:$2,075,800

Step-by-step explanation:

Answer 2

≈96.25%

Step-by-step explanation:

Given:

• Profit margin: $75,000

• Receivable this year: $2,000,800

So the Gross profit from the year is: $2,000,800 - $75,000 = $1,925,800

Percentage profit margin this year:

`(1,925,800)/(2,000,800) *100%` ≈96.25%

Hope it will find you well