A retailer reports the following for its geographic divisions for the year. The profit margin for its Europe division is:

 A retailer reports the following for its geographic divisions for the year. The profit margin for its Europe division is:
 

     Americas    Europe    China
Income    $ 600,000    $ 160,000    $ 120,000
Sales    2,000,000    800,000    480,000
Multiple Choice

30%.


20%. Correct

15%.


25%.


35%.

Explanation
Profit margin (Europe) = $160,000/$800,000 = 20%