High School

Total revenue for the period was $1,000,000 Cost of goods sold totaled $250.00tal expemes for the period were 3700,000. Averapenetases totaled 51.500.000 Average wesequity totaled $800,000. Calculate profit margin 799

Answer :

The profit margin for the given period is 79.9%.

To calculate the profit margin, we need to divide the profit by the total revenue and multiply the result by 100 to express it as a percentage.

Total revenue for the period: $1,000,000

Cost of goods sold: $250,000

Total expenses for the period: $700,000

To calculate the profit, we need to subtract the cost of goods sold and total expenses from the total revenue:

Profit = Total revenue - (Cost of goods sold + Total expenses)

= $1,000,000 - ($250,000 + $700,000)

= $1,000,000 - $950,000

= $50,000

Now, let's calculate the profit margin:

Profit margin = (Profit / Total revenue) * 100

= ($50,000 / $1,000,000) * 100

= 0.05 * 100

= 5%

Therefore, the profit margin for the given period is 5%.

learn more about margin click here;

https://brainly.com/question/15357689

#SPJ11