Question: You may need a calculator to answer this question. Consider the following information for a business: Sales 1,000,000 Cost of sales 250,000 Operating expenses 180,000

You may need a calculator to answer this question. Consider the following information for a business:

Sales

1,000,000

Cost of sales

250,000

Operating expenses

180,000

Tax

40,000

What is the net profit margin of the business?

Select one:

a. 75%

b. 57%

c. 53%

d. 71%

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