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a company reported net income of $3,380 for october. its net sales for october were $13,000. its profit margin is 3%
Profit margin
Profit margins are one of the most basic and extensively utilized financial measurements in business. On an income statement, a company's profit is measured at three levels, beginning with the most basic—gross profit—and progressing to the most comprehensive: net profit. Operating profit exists between these two. Profit margins for all three are computed by dividing profit by revenue and multiplying by 100.
Profit margin expresses a firm's or commercial activity's relative profitability by accounting for the expenses of producing and selling items.
Margins can be derived from gross profit, operational profit, or net profit.
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