Business FinancesQuestion 313 of 1632
A contractor's net profit for the year is $60,000 on total revenue of $750,000. What is the net profit margin?
a.8%
b.12.5%
c.15%
d.80%
Explanation
Net profit margin = Net Profit ÷ Revenue = $60,000 ÷ $750,000 = 0.08 = 8%.
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