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

Question 22

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) 28%.
D) $4.2 million.
E) $34 million.

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