I run a business that averages 5% net profit on sales. I am trying to decide whether or not to embark on a purchasing project that is projected to save my company $200,000. How many dollars would I have to increase sales, without increasing expenses, in order to increase profit to match this $200,000 in savings? (Put your answer in as a number without the $ sign).

My cost on a product I wish to sell is $75. My target margin is 24%, what is the calculated value that I should start with when deciding on my selling price? (don’t enter the $ sign, just the dollar value to the penny). If the answer is $183.53 (which it is not) you would enter in 183.53.

I am the buyer in a warehouse. I decide to take on a new category of items. I ask my boss for some advice on the new item. One thing that he tells me is, “I would put 7% on it.” My boss is telling me the gross profit _________ percent that I should add to my products cost.