Question

Profit margin measures the number of pennies of profit for each $ of revenue. True False

Profit margin measures the number of pennies of profit for each $ of revenue.

True

False

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Answer #1

Profit margin is the amount of profit earned for each dollar of sales. It measures how much portion of sales is actually retained by the organization after incurring all expenses related to sales and overheads

So, as per above discussion, the statement in the question is True

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