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%.
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