Last year, Rusty’s Tools experienced $67,550 in net sales, creating a gross profit of $50,338. If Rusty had a total operating expense of $35,200 last year, what was his net profit margin? a.22.4%b.52.1%c.74.5%d.79.0%

Name: Revolt
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Business Income Statements

Last year, Rusty’s Tools experienced $67,550 in net sales, creating a gross profit of $50,338. If Rusty had a total operating expense of $35,200 last year, what was his net profit margin? a.22.4%b.52.1%c.74.5%d.79.0%

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