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Pineapple Co.'s revenue and total costs are $3,000,000 and $1,500,000, respectively, in 2019. Calculate the company profit margin.  Group of answer choices 20% 35% 50% 65% 70%

Pineapple Co.'s revenue and total costs are $3,000,000 and $1,500,000, respectively, in 2019. Calculate the company profit margin.  Group of answer choices 20% 35% 50% 65% 70%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Pineapple Co.'s revenue and total costs are $3,000,000 and $1,500,000, respectively, in 2019. Calculate the company profit margin. 
Group of answer choices
20%
35%
50%
65%
70%
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