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Your business applies a 3 0 % markup on sales to arrive at the selling price. The variable expenses are 1 2 % of sales

Your business applies a 30% markup on sales to arrive at the selling price. The variable expenses are 12% of sales and the fixed expenses are $28000.
a) Will you make a profit if sales are $160000?
b) What will your sales have to be to yield a profit of $20000?
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