Question

A company earned $7,605 in net income for October. Its net sales for October were $19,500. Its profit margin is:

Answer 1

Answer: 39%

Step-by-step explanation:

From the question, we are informed that company earned $7,605 in net income for October and that its net sales for October were $19,500.

To calculate its profit margin, we have to divide the net income by the net sales. This will be:

= 7605/19500

= 0.39

= 39%