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If a company has a profit margin of 15% and its total sales are $50,000, what is

Practice Questions

Q1
If a company has a profit margin of 15% and its total sales are $50,000, what is the profit?
  1. $5,000
  2. $7,500
  3. $10,000
  4. $12,500

Questions & Step-by-Step Solutions

If a company has a profit margin of 15% and its total sales are $50,000, what is the profit?
  • Profit Margin Calculation – Understanding how to calculate profit using the profit margin percentage and total sales.
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