A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 22MC: If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month,...
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What is the net profit margin? Provide answer

A company has net income of $30,000 and total sales of $150,000. What is the net
profit margin?
A) 15% B) 20% C) 25% D) 30%
Transcribed Image Text:A company has net income of $30,000 and total sales of $150,000. What is the net profit margin? A) 15% B) 20% C) 25% D) 30%
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