Business
Business, 01.12.2021 01:40, neariah24

SM.63 A small company has $8,750,000 in (annual) revenue, spends 48% of its revenues on purchases, and has a net profit margin of 10.5%. They would like to increase their profits and they are looking at focusing in one of two directions. First, they think they can save 2.35% on their purchase expenses. Or second, they can focus on increasing sales. By how many dollars would they have to increase sales in order to equal a 2.35% savings to purchasing expenses

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