How do I calculate net profit margin?
An example of an AI chatbot conversation about calculating net profit margin.
How do I calculate net profit margin?
To calculate net profit margin, use the formula: (Net Profit / Revenue) x 100.
What is considered a good net profit margin?
A good net profit margin varies by industry, but generally, 10% or higher is considered healthy.
Can you give me an example of the calculation?
Sure! If your net profit is $50,000 and your revenue is $200,000, the calculation would be (50,000 / 200,000) x 100 = 25%.
What factors can affect my net profit margin?
Factors include pricing strategy, cost of goods sold, operating expenses, and market competition.
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