Multiple Choice
The following information pertains to Bingo Concrete for the year 2008:
Sales are $1 500 000
Gross margin is $600 000
Profit is $90 000
What is the profit margin for the year?
A) 40%
B) 30%
C) 20%
D) 6%
Correct Answer:
Verified
Correct Answer:
Verified
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