An owner had a profit margin of $50,000 last year. she expects to receive $1,168,000 from sponsorships this year with no additional expenses. what is the estimated profit margin for the upcoming year?

Profit margin last year = $50000

Estimated money received this year = $1168000

Hence, gross profit made in this year =

Estimated profit margin will be =  

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a negative exponent is translated as follows:

so, we have