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What the firm profit for the year margin is

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Reference no: EM132940973

Problem 1: Based on this information, the firm's profit for the year margin is:

Sales $250,000
Cost of sales $ 100,000

Expenses $ 40,000

Taxation $ 22,000

A 35.2%

B 44.0%

C 56.0%

D 60.0

Problem 2: Last month a business sold 10,000 units priced at £10 per unit. Variable costs per unit were £2 and monthly fixed costs were £2,000. What was the total contribution?

A £16,000

B £22,000

C £80,000

D £100,000

Reference no: EM132940973

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