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If a company’s revenue is $300,000 and its expenses are $250,000, what is its pr
If a company’s revenue is $300,000 and its expenses are $250,000, what is its profit margin?
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If a company’s revenue is $300,000 and its expenses are $250,000, what is its profit margin?
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Profit Margin = (Revenue - Expenses) / Revenue = (300,000 - 250,000) / 300,000 = 0.1667 or 16.67%.
Questions & Step-by-step Solutions
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Q: If a company’s revenue is $300,000 and its expenses are $250,000, what is its profit margin?
Solution:
Profit Margin = (Revenue - Expenses) / Revenue = (300,000 - 250,000) / 300,000 = 0.1667 or 16.67%.
Steps: 8
Show Steps
Step 1: Identify the company's revenue, which is $300,000.
Step 2: Identify the company's expenses, which are $250,000.
Step 3: Calculate the profit by subtracting expenses from revenue: $300,000 - $250,000.
Step 4: The result of the subtraction is $50,000, which is the profit.
Step 5: To find the profit margin, divide the profit by the revenue: $50,000 / $300,000.
Step 6: The result of the division is approximately 0.1667.
Step 7: To express this as a percentage, multiply by 100: 0.1667 * 100 = 16.67%.
Step 8: The profit margin is 16.67%.
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