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melamori03 [73]
3 years ago
12

Last year, Rusty’s Tools experienced $67,550 in net sales, creating a gross profit of $50,338. If Rusty had a total operating ex

pense of $35,200 last year, what was his net profit margin?
Mathematics
2 answers:
goldfiish [28.3K]3 years ago
6 0

Answer:

22.4%

Please make this answer the brainliest when you get the chance. Thank you.


zzz [600]3 years ago
5 0

Answer:

Net profit margin is 22.41%

Step-by-step explanation:

Rusty's Tool experienced $67550 in net sales, creating a gross profit of $50338.

If Rusty had a total operating expense of $35200 then we have to find the net profit margin.

Since profit $50338 includes the operating expense of $35300 then net profit will be = $50338 - $33500 = $15138

Now the selling price is given as $67550.

So profit margin will be = \frac{\text{Net profit}}{\text{Selling price}}\times (100)

Profit margin = \frac{15138}{67550}\times 100=22.41%

Therefore, answer is profit margin = 22.41%

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