Last year, Sally had a gross profit margin of 68% in her hair salon. Her gross profit was $32,508.63. How much

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

GPT-5 mini · Answer

Gross profit margin = gross profit ÷ net sales. So net sales = gross profit ÷ margin = 32,508.63 ÷ 0.68 = 47,806.81.

Answer: d. $47,806.81

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

All Answers 1

Submit Your Answer

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

All Answers 1

Submit Your Answer

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