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1 year ago

Mega corp.has $10,000 in net income and $40,000 in sales. What is mega corp.’s profit margin?

Business

1 answer:

lakkis [162]1 year ago

6 0

Profit margin is 25%

Given net income is $10,000 and sales is $40,000.

Cost = Sales - net income

=$40,000-$10,000

=$30,000

Profit margin to be computed.

Profit margin measures how much the money a firm or the business activity produces by dividing income by the revenues. Profit margin, given as a percentage, is basically the number of cents earned for every dollar of the sales.

Profit margin is computed with the formula given below:

Profit margin= Revenue-Cost / Revenue

= $40,000- $30,0000/ $40,000

= 0.25

=25%

Therefore, the correct option of the profit margin is c. 25%.

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A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

$\rm ax + by = c$ , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

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The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

$\rm 3s +2c = 22$

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Therefore, the 2nd equation will be:

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To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

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Now we will put $\rm c = 14.25 - 2s$ in equation 1:

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On substituting the value of s in equation 3:

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Therefore the cost of a bag of chips is $1.25.

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