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butalik [34]
1 year ago
11

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 g

ross profit margin. a. 42.5% b. 55.7% c. 76.3% d. 179.5%
Mathematics
2 answers:
kondaur [170]1 year ago
8 0

The gross profit margin for Korey’s Comics given the net sales, gross profit and net income is  55.7%.

<h3>What is the gross profit margin?</h3>

Gross profit margin is a profitability ratio. It is used to measure the financial health of a company and used to determine the efficiency with which the firm generates profits.

Gross profit margin = net income / gross profit

1850 /3320 = 55.7%

Ksenya-84 [330]1 year ago
5 0

Answer:

actually its A... i know cause i got it WRONG

Step-by-step explanation:

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this \: paper \: needs \: to \: be \: folded \:  \\  \underline{ \boxed{twice \: (2 \: times)}}

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let \: the \: let \: the \: length \: be \to \: x \\when \: folded :  it \: becomes \to \:  \frac{x}{2}  \\hence : \to \\  93.5 \times  \frac{x}{2}  = (93.5 - 1) \\ 93.5x = 2(93.5 - 1) \\ 93.5x = 2 \times 92.5 \\ 93.5x = 185 \\ x =  \frac{185}{93.5}  \\  \boxed{x = 1.9786096257 }\\

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Check attachment for solution.

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