Respuesta :
Profit margin last year = $50000
Estimated money received this year = $1168000
Hence, gross profit made in this year = [tex]1168000-50000=1118000[/tex]
Estimated profit margin will be =
[tex]\frac{1118000}{1168000}\times100= 95.71[/tex]%
Answer:
Estimated profit margin this year = 95%
Step-by-step explanation:
Profit Margin = $50,000
Receivable this year = $1,168,000
Gross profit From the year = $1,168,000-50,000
=$1118000
Percentage profit margin this year = [tex]\frac{1118000}{1168000}*100%[/tex]
=0.95 * 100
=95 %
Estimated profit margin this year = 95%
