Today's retailers can develop long-term relationships with their customers by offering financial and social benefits.
Indicate whether the statement is true or false
Question 2
The Card Shoppe had a gross margin last year of 2,000,000 and a net profit of 300,000, while net sales were 2,500,000 . What was The Card Shoppe's net profit margin for last year?
a. 12.0 percent
b. 15.0 percent
c. 20.0 percent
d. 68.0 percent
e. 80.0 percent