Business FinancesQuestion 1186 of 1605
A contractor's net profit is $48,000 on revenue of $600,000. What is the net profit margin?
a.4.8%
b.6%
c.8%
d.12%
Explanation
Net profit margin = net profit / revenue = $48,000 / $600,000 = 0.08 = 8%.
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