you'll have 59.2% profit margin (148,000)
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Answer:
$148,000
Explanation:
Data provided
Three sponsorship = $12,000, $27,000, and $63,000
Revenue = $250,000
The computation of profit margin is shown below:-
Total number of sponsorship = $12,000 +$27,000 + $63,000
= $102,000
Profit margin = Revenue - Total number of sponsorship
= $250,000 - $102,000
= $148,000
Therefore for computing the profit margin we simply deduct total number of sponsorship from revenue.
In percentage form
= Profit margin ÷ Sales revenue
= $148,000 ÷ $250,000
= 59.2%
