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Royce Corp's Sales Last Year Were $280,000,and Its Net Income

Question 25

Multiple Choice

Royce Corp's sales last year were $280,000,and its net income was $23,000.What was its profit margin?

A) 7.41%
B) 7.80%
C) 8.21%
D) 8.63%
E) 9.06%

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