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Question - Mersey plc has reported its financial results for the year ending 31 December 2021. The income statement shows revenue of £255 million, gross profit of £100 million, operating expenses of £75 million, finance costs of £5 million and tax expenses of £6 million. What is the net margin for the year ending 31 December 2021 (to 1 decimal place)?
a. 27.1%
b. 7.8%
c. 39.2%
d. 5.5%
e. 9.8%
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