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 =
Profit margin = %
Therefore, answer is profit margin = 22.41%