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maw [93]
3 years ago
15

Marci Luner is going over the finances of her clothing boutique firm. If her firm has a net income of​ $131,000 and net sales of

​ $586,000, its profit margin is​ _______ percent.
Business
1 answer:
MaRussiya [10]3 years ago
6 0

Answer: The profit margin is 22.35 %

Explanation: The formula for profit margin is net profit/ income ÷ net sales.

As such, the profit margin is (131000 ÷ 586000) x 100 = 0.2235 * 100 = 22.35 %

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4 0
3 years ago
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3 0
3 years ago
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The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,
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