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A company has a goal to increase sales by 25% over the next year. If current sal
A company has a goal to increase sales by 25% over the next year. If current sales are $200,000, what will be the target sales?
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Q1
A company has a goal to increase sales by 25% over the next year. If current sales are $200,000, what will be the target sales?
$225,000
$250,000
$275,000
$300,000
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To find the target sales, calculate 25% of $200,000, which is $50,000. Adding this to the current sales gives $250,000.
Questions & Step-by-step Solutions
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Q: A company has a goal to increase sales by 25% over the next year. If current sales are $200,000, what will be the target sales?
Solution:
To find the target sales, calculate 25% of $200,000, which is $50,000. Adding this to the current sales gives $250,000.
Steps: 5
Show Steps
Step 1: Identify the current sales amount, which is $200,000.
Step 2: Calculate 25% of the current sales. To do this, multiply $200,000 by 0.25 (which is the decimal form of 25%).
Step 3: The result of the multiplication is $50,000. This is the amount of increase needed to reach the goal.
Step 4: Add the increase ($50,000) to the current sales ($200,000) to find the target sales.
Step 5: The target sales amount is $250,000.
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