Profit Margins: Range Calculation

Profit Margin Range

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Question

You are examining a group of 6 companies. Their average profit margins have been 49%, 10%, 5%, 35%, 30%, and 30%. What is the range of profit margins?

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Explanations

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A. B. C. D.

C

The range = the maximum value - the minimum value. Here, we have 49% - 5% = 44%.

To find the range of profit margins, we need to determine the difference between the highest and lowest values in the set. In this case, we have six profit margins: 49%, 10%, 5%, 35%, 30%, and 30%.

First, we need to identify the highest and lowest values in the set. The highest profit margin is 49%, and the lowest profit margin is 5%.

Next, we subtract the lowest value from the highest value to find the range:

49% - 5% = 44%

Therefore, the range of profit margins is 44.0%.

The correct answer is C. 44.0%.

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