Questions
Business Finance Exam 1 Practice
Single choice
4.6: If a company’s net profit margin is 10% and its revenue is $600,000, what is the net profit?
Options
A.$60,000
B.$50,000
C.$70,000
D.$40,000
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Step-by-Step Analysis
The question asks to find net profit given a net profit margin and revenue. Here, the net profit margin is 10%, and revenue is $600,000.
Option 1: "$60,000". This matches the calculation 10% of $600,000 = 0.10 × 600,000 = 60,000. It ......Login to view full explanationLog in for full answers
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