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# The company has annual sales of \$600,000, of which 5% is profit.

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Intern
Joined: 14 Jan 2018
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The company has annual sales of \$600,000, of which 5% is profit.  [#permalink]

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14 Jan 2018, 08:48
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Question: The company has annual sales of \$600,000, of which 5% is profit. The CEO wants to increase the profit margin to 10%, but costs are set to rise 15%. By how much must sales increase?

I do not remember the answer options but would appreciate If someone would provide the solution to the above mentioned question.

Thanks
KH

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Re: The company has annual sales of \$600,000, of which 5% is profit.  [#permalink]

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15 Jan 2018, 08:24
KlausHarvey wrote:
Question: The company has annual sales of \$600,000, of which 5% is profit. The CEO wants to increase the profit margin to 10%, but costs are set to rise 15%. By how much must sales increase?

I do not remember the answer options but would appreciate If someone would provide the solution to the above mentioned question.

Thanks
KH

Please read carefully and follow our RULES OF POSTING. Thank you.

--== Message from the GMAT Club Team ==--

THERE IS LIKELY A BETTER DISCUSSION OF THIS EXACT QUESTION.
This discussion does not meet community quality standards. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.

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Re: The company has annual sales of \$600,000, of which 5% is profit.   [#permalink] 15 Jan 2018, 08:24
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# The company has annual sales of \$600,000, of which 5% is profit.

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