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

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

Answer:Step-by-step explanation:Korey’sgross profitmarginlast month will be equal to55.7%.## What is the gross profit margin?

grossprofit margin is aprofitabilityratio. Profitability ratios measures theefficiencywith which a companygeneratesprofit from its asset. Gross profit margin measures thereturnon sales.Grossprofit margin =netincome /grossprofit55.7%profit margin,please check: brainly.com/question/26208770