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22 February, 11:18

Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit margin.

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  1. 22 February, 13:15
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    Damita company reported net income of $48,025 and net sales of $425,000 for the current year. calculate the company's profit margin.

    We have

    net sales = $425,000

    and

    net income=$48,025

    profit margin=net income/net sales * 100

    =48025/425000 * 100 = 11.3%

    Ans = profit margin = 11.3%
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