How do you find the total sales of an incomplete record?

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Solution

If the gross profit is given in percentage, one can find out the sales by dividing the total percentage by the remaining percentage. If gross profit is 25% on sales, the cost of sales must be 75%. The sales total is therefore rupees 75,000 x 100/75 = rupees100,000.

Also see: Accounts From Incomplete Records

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Similar questions

You work as a sales representative. You earn $$ 400$ per week plus $5 %$ of your total sales for the week.

Part A: Last week, you had total sales of $$ 5000$ . Find your total earnings. Show your work.

Part B: One week, you earned $$ 1350$ . Let s represent your total sales that week. Write an equation that you can use to find s.

Part C: Using your equation from Part B, find s. Show all steps clearly.

12 %

550

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