Please could someone help Me with this question based on profit margins. Thank you so much
The business lost money until 1997, when it made an operating profit of £125000 on sales of £1.25m
Which one of the following is the operating profit margin in 1997
please also Explain how you got the answer?
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- Thread Starter
- 23-01-2017 11:57
- Official Rep
- 25-01-2017 13:23
Sorry you've not had any responses about this. Are you sure you've posted in the right place? Here's a link to our subject forum which should help get you more responses if you post there.
Just quoting in Amusing Elk so she can move the thread if needed
Spoiler:Show(Original post by Amusing Elk)
- 25-01-2017 18:51
I believe you divide the profit by the operating cost but someone might need to double check that
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