Margin of Profit The margin of profit of a company is the net income divided by the total sales. A company’s margin of profit increased by 0.02 from last year. Last year the company sold its product at $3.00 each and had a net income of $4500. This year it increased the price of its product by $0.50 each, sold 2000 more, and had a net income of $7140. The company never has had a margin of profit greater than 0.15. How many of its product were sold last year and how many were sold this year?
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