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 USD=3.214105 USD



Did you find an error or inaccuracy? Feel free to write us. Thank you!



Showing 1 comment:
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?





Tips for 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:

Units of physical quantities:

Grade of the word problem:

Related math problems and questions: