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:
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:
- Cost and profit
Find the cost of goods that sold for P800.00 and which profit of 25% was made on cost. - Cost and sell price
A wholesaler sold items at a profit of 20% of the sales, which was a profit of P52.80. What were the cost price and selling price of the item? - Sales off
After discounting 40%, the goods cost 15 €. How much did the cost of the goods cost before the discount? - Fix + percentages
Mrs. Vargas is a car sales agent who earns Php.5,850 monthly plus a 4% commission on all her sales. In a month, she sold a car worth Php.740,000. Thus, her total earnings are Php. 5,850.
- Petra 6
Petra sold an item for 4000 and made a 40% profit. What was the cost price of the product? - Merchant
The merchant lowered cost by 10% in December when it was not sold. Again, in January, it lowered costs by 20% and now costs 576 €. A. How much did the goods stand originally? B. How much do the goods cost after the first lowering? C. How much percent of t - Profit or loss
A store's owner records disclosed the following information: Sales P21,050, Purchases P24,150, Merchandise inventory P5100.00, Expenses P2200.00. Prepare a profit & loss statement. How is the store owner's profit or loss for the month of December?