Answer:
0.43 or 43%
Step-by-step explanation:
In this question, we are asked to calculate the net profit margin of Korey’s cosmetics. The net profit margin is simply a measure of how much net income a company makes with total sales achieved. It can also be referred to as net margin.
Mathematically, it can be calculated or expressed as follows:
Net profit margin = net income/total sales revenue
According to the values in the question, the net income is $1,850 while the total sales revenue is $4,350.
The net profit margin is thus : 1850/4350 = 0.43
