Lupin Inc.'s net income is $25,000, operating expenses are $10,000, income tax expense is $4,000, and sales are $65,000.

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Lupin Inc S Net Income Is 25 000 Operating Expenses Are 10 000 Income Tax Expense Is 4 000 And Sales Are 65 000 1 (18.1 KiB) Viewed 48 times

Lupin Inc.'s net income is $25,000, operating expenses are $10,000, income tax expense is $4,000, and sales are $65,000. Gross profit margin is: a) 45% b) 38% c) 60% d) 54%