Gross Profit

sabdullah_m · 10-12-2011, 03:17 AM

Can someone please help me with this ??? i am a beginner and need some help with this question..

I am a car salesman and I have a car on the lot that I purchased for $8,000.
My goal on each car I sell is to end up with a 40% Gross Profit.
How much do I need to sell this car for to reach my goal?

mackwaa · 10-12-2011, 08:01 AM

Quote:

Originally Posted by sabdullah_m

Can someone please help me with this ??? i am a beginner and need some help with this question..

I am a car salesman and I have a car on the lot that I purchased for $8,000.
My goal on each car I sell is to end up with a 40% Gross Profit.
How much do I need to sell this car for to reach my goal?

Gross margin - Wikipedia, the free encyclopedia

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