SOLUTION: In 2014, Warner Manufacturing sold 100.000 screwdrivers for $5 each, with a cost of goods sold of $2. What is the company's margin to the nearest percent?

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Question 1203334: In 2014, Warner Manufacturing sold 100.000 screwdrivers for $5 each, with a cost of goods sold of $2. What is the company's margin to the nearest percent?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52914) About Me  (Show Source):
You can put this solution on YOUR website!
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The company's margin = profit%2Fcost = %28%285-2%29%2A100000%29%2F%285%2A100000%29 = cancel the factor of 100,000 = 3%2F5 = 0.6 = 60%.    ANSWER

Solved.



Answer by MathTherapy(10557) About Me  (Show Source):
You can put this solution on YOUR website!
In 2014, Warner Manufacturing sold 100.000 screwdrivers for $5 each, with a cost of goods sold of $2. What is the company's margin to the nearest percent?

It's presumed that 100.000 is actually 100,000. 

With revenue and cost being in hundred-thousands (00,000s) of dollars ($), 
Profit margin is: .