Last year, Sally had a gross profit margin of 68% in her hair salon. Her gross profit was $32,508.63. How much did Sally make in net sales last year? a. $16,3
Mathematics
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Question
Last year, Sally had a gross profit margin of 68% in her hair salon. Her gross profit was $32,508.63. How much did Sally make in net sales last year?
a.
$16,398.06
b.
$22,105.87
c.
$35,610.25
d.
$47,806.81
a.
$16,398.06
b.
$22,105.87
c.
$35,610.25
d.
$47,806.81
2 Answer

1. User Answers sharmaenderp
A business' profit margin is the ratio between the gross profit and net sales. It's ideal for a business to have a profit margin closest to 1. For the given situation, Sally has a gross profit of $32, 508.63 and a profit margin of 68% or 0.68. Thus, we have
[tex] 0.68 = \frac{32508.63}{sales} [/tex]
[tex] sales = \frac{32508.63}{0.68} = 47806.81 [/tex]
Therefore, the net sales earned by Sally's hair salon is $47, 806.81.
Answer: D. $ 47, 806.81 
2. User Answers Reaper137
Answer:
$47,806.81 (D)
Stepbystep explanation: