Yes, that is correct, but that is only an average, of course. There are many ways to break things down. When you look at industries, we find that in 2016, for e

Yes, that is correct, but that is only an average, of course. There are many ways to break things down. When you look at industries, we find that in 2016, for example, beverage manufacturing has a .8% profit margin, grocery stores have 2.5%, auto dealers are 3.2%. Beer wine and liquor store industry is 3.4%. On the other hand, we have high profit industries: accounting, tax prep, bookkeeping is 18.3%, legal is 17.4%, leasing real estate is 17.4%. And again, that's average. You can have one CPA charging $50/hour, and another charging $500 per hour. Costs are pretty much the same, if they both are sole proprietors, but the one charging $500/hour is probably 500% plus profit margin, or whatever it is.