Business FinancesQuestion 335 of 1605
A contractor reviews three completed jobs and finds Job A earned $12,000 profit on $100,000 revenue, Job B earned $9,000 on $90,000, and Job C earned $4,000 on $80,000. Which job had the HIGHEST profit margin?
a.All three were equal
b.Job C
c.Job A
d.Job B
Explanation
Margin = Profit ÷ Revenue. Job A = $12,000 ÷ $100,000 = 12%; Job B = $9,000 ÷ $90,000 = 10%; Job C = $4,000 ÷ $80,000 = 5%. Job A has the highest margin.
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