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Last year, rusty’s tools experienced $67,550 in net sales, creating a gross profit of $50,338. if rusty had a total operating expense of $35,200 last year, what was his net profit margin? a. 22.4% b. 52.1% c. 74.5% d. 79.0%

Respuesta :

The Net profit margin is 22.41%

Rusty's Tool experienced $67550 in net sales, creating a gross profit of $50338.

If Rusty had a total operating expense of $35200 then we have to find the net profit margin.

Since profit $50338 includes the operating expense of $35300 then net profit will be

= $50338 - $33500

= $15138

Now the selling price is given as $67550.

What is the formula for profit margin?

Profit margin = (Net profit/selling price) 100

Profit margin =151.38/675.50=22.41 %

Therefore, the answer is profit margin = 22.41%.

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