The profit margin on an item the company sells can best be defined as:

A) labor costs minus total debt payments

B) price of the unit minus cost of goods sold

C) the price of the unit

D) the cost of goods sold

B) price of the unit minus cost of goods sold

Explanation:

Profit margin is simply unit price of products less unit cost of sales

The profit margin on an item the company sells can best be defined as:

price of the unit minus cost of goods sold

Explanation:

In order to know the profit margin of an item a company sells, the price sold out would be deducted from the original cost of such goods which gives the profit on such item