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Bobbytronics Had $7,000,000 in Profit for the Year

Question 105

Multiple Choice

Bobbytronics had $7,000,000 in profit for the year.Its sales were $11,200,000.Calculate the profit margin.

A) 17.5%
B) 62.5%
C) $34 million
D) $4.2 million
E) 28%

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