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An owner had a profit margin of $75,000 last year. She expects to receive $2,000,800 from sponsorships this year with no additional expenses. What is the estimated profit margin for the upcoming year?

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thaovtp1407

Answer:

≈96.25%

Explanation:

Given:

  • Profit margin: $75,000
  • Receivable this year:  $2,000,800

So the Gross profit from the year is: $2,000,800 - $75,000 = $1,925,800

Percentage profit margin this year:

[tex]\frac{1,925,800}{2,000,800} *100%[/tex] ≈96.25%

Hope it will find you well

Answer:$2,075,800

Explanation:

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