Question

true or false: the profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted.

Answer 1

The profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted. Thus, the statement is true.

What is the profit margin?

Profit margin is the portion of sales that a company keeps after all costs are subtracted. It essentially displays the percentage of each dollar of sales that is kept as profit. A 15% profit margin, for instance, means that a company keeps $0.15 from every dollar of sales produced.

Comparing the firm's operations to those of a best-in-class company, maybe in a different industry, is another way to increase your profit margin. This comparison could point out several operational tweaks that could be done to raise profit margins.

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