Calculate the net profit margin for a shirt sold for $12 that has a $3 cost of good sold and 20% operating expenses

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Calculate the net profit margin for a shirt sold for $12 that has a $3 cost of good sold and 20% operating expenses

Calculate the net profit margin for a
shirt sold for $12 that has a $3 cost of
goods sold and 20% operating expenses.
A. 55%
C. 70%
B. 220%
D. $7
Transcribed Image Text:Calculate the net profit margin for a shirt sold for $12 that has a $3 cost of goods sold and 20% operating expenses. A. 55% C. 70% B. 220% D. $7
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