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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 gross profit margin.
a.42.5%
b.55.7%
c.76.3%
d.179.5%
please select the best answer from the choices providedabcd

Respuesta :

phuchoang

Answer:

a.42.5%

Step-by-step explanation:

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 = 0.425

0.425 times 100% = 42.5%

So, the answer is A