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tino4ka555 [31]
3 years ago
12

Gadget mania incorporated sells its new quadruple echo microphone for $15. If the company makes a $6 profit on the sale of each

microphone, what is its to fit margin?
Mathematics
1 answer:
matrenka [14]3 years ago
5 0

Answer:

40%

Step-by-step explanation:

The profit margin is given by the gross profit divided by total sales.

In this case, Gadget mania has a gross profit of $6 per microphone, while each microphone sells for $15.

Therefore, the profit margin is:

P=\frac{6}{15}\\P=0.4=\frac{40}{100}= 40\%

Gadget Mania's profit margin is 40%.

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