Last year, rusty’s tools experienced $67,550 in net sales, creating a gross profit of $50,338. if rusty had a total operating expense of $35,200 last year, what was his net profit margin?

Net profit margin is 22.41%

Step-by-step explanation:

Rusty's Tool experienced $67550 in net sales, creating a gross profit of $50338.

If Rusty had a total operating expense of $35200 then we have to find the net profit margin.

Since profit $50338 includes the operating expense of $35300 then net profit will be = $50338 - $33500 = $15138

Now the selling price is given as $67550.

So profit margin will be =

Profit margin = %

Therefore, answer is profit margin = 22.41%

.there can be infinite values of m and n that can satisfy the above equation. for each value of m of m or n. there maybe infinite sets of solution for the above

step-by-step explanation: