Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit margin.

Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit margin.

We have

net sales = $425,000

and

net income=$48,025

profit margin=net income/net sales * 100

=48025/425000 * 100 = 11.3%

Ans = profit margin = 11.3%