Last month, korey’s comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. calculate korey’s net

Last month, korey’s comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. calculate korey’s net profit margin. a. 42.5% b. 55.7% c. 76.3% d. 179.5% please select the best answer from the choices provided a b c d

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  1. Korey’s gross profit margin last month will be equal to 55.7%.

    What is the gross profit margin?

    The gross profit margin is a profitability ratio. Profitability ratios measures the efficiency with which a company generates profit from its asset. Gross profit margin measures the return on sales.
    Gross profit margin = net income / gross profit
    $1850 / 3320 = 0.557 = 55.7%
    To learn more about profit margin, please check: brainly.com/question/26208770

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