# Profit margin

If total sales for the month is $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: Did you find an error or inaccuracy? Feel free to write us. Thank you! Tips to related online calculators Our percentage calculator will help you quickly calculate various typical tasks with percentages. #### You need to know the following knowledge to solve this word math problem: ## Related math problems and questions: • Sales off After discounting 40% the goods cost 15 €. How much did the cost of the goods before the discount? • Price reduction The product is sold for 360 CZK and the sales profit is 30%. By what percentage the sales profit will be reduced if I reduce the price of the product by 10%? • The sales The sales tax rate is 4.447​% for the city and 4​% for the state. Find the total amount paid for 2 boxes of chocolates at ​$17.96 each.
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