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14 November, 20:24

Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's net profit margin.

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Answers (2)
  1. 14 November, 20:35
    0
    C.

    Step-by-step explanation:

    got 100 on the test
  2. 14 November, 20:38
    0
    0.43 or 43%

    Step-by-step explanation:

    In this question, we are asked to calculate the net profit margin of Korey's cosmetics. The net profit margin is simply a measure of how much net income a company makes with total sales achieved. It can also be referred to as net margin.

    Mathematically, it can be calculated or expressed as follows:

    Net profit margin = net income/total sales revenue

    According to the values in the question, the net income is $1,850 while the total sales revenue is $4,350.

    The net profit margin is thus : 1850/4350 = 0.43
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