The company achieved a 25% gross profit margin on sales. Local sales were twice as much as foreign sales. Distribution charges of 5% was paid to foreign sales agents based on the value of the foreign sales. Other expenditure amounted to $59,587.47 and a net profit margin of 17.25% on total sales was achieved. Calculate the value of the local sales Calculate the net profit Round throughout using 2 decimals $ Local sales Foreign sales Total sales Cost of sales Gross profit Distribution charges Other expenses Net profit 100% 25% (59,587.47) 17.25%