Marketing MCQ Retailing Chapter 2 The Card Shoppe had a gross margin last year of $2,000,000 and a net profit of $300,000, while net sales were $2,500,000. What was The Card Shoppe's net profit margin for last year?

The Card Shoppe had a gross margin last year of $2,000,000 and a net profit of $300,000, while net sales were $2,500,000. What was The Card Shoppe's net profit margin for last year?

Retailing Chapter 2

The Card Shoppe had a gross margin last year of $2,000,000 and a net profit of $300,000, while net sales were $2,500,000. What was The Card Shoppe's net profit margin for last year?

a. 12.0 percent

b. 15.0 percent

c. 20.0 percent

d. 68.0 percent

e. 80.0 percent

Answer: A

Marketing MCQ

The Card Shoppe had a gross margin last year of $2,000,000 and a net profit of $300,000, while net sales were $2,500,000. What was The Card Shoppe's net profit margin for last year?

The Card Shoppe had a gross margin last year of $2,000,000 and a net profit of $300,000, while net sales were $2,500,000. What was The Card Shoppe's net profit margin for last year?

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