Profit margin

If total sales for the month are $450,000 and the profit margin is 40%, how much was the cost of goods sold?

Correct answer:

x =  321428.5714 USD

Step-by-step explanation:

s=450000 USD m=100%+40%=1+10040=1.4  x   m = s  x=s/m=450000/1.4=321428.5714 USD3.214105 USD

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Math student
Aaron went to dinner with friends. The total came to $85; with sales tax at 6% sales tax, and a 20% tip after tax. How much money, to the nearest cent, did they pay in total, with tax and tip?

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