Question

The profit margin on an item the company sells can best be defined as:

A)labor costs minus total debt payments
B) price of the unit minus cost of goods sold
C) the price of the unit
D)the cost of goods sold

Answer 1

B) price of the unit minus cost of goods sold

Step-by-step explanation:

Profit margin is simply unit price of products less unit cost of sales

Answer 2

The profit margin on an item the company sells can best be defined as:

price of the unit minus cost of goods sold

Step-by-step explanation:

In order to know the profit margin of an item a company sells, the price sold out would be deducted from the original cost of such goods which gives the profit on such item