Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000.
-What sales volume does Lake's need to yield a $240,000 operating profit?
A) $600,000.
B) $2,020,000.
C) $2,400,000.
D) $2,440,000.

Question

Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. 
-What sales volume does Lake's need to yield a $240,000 operating profit?
A) $600,000.
B) $2,020,000.
C) $2,400,000.
D) $2,440,000.

Quizplus · Accepted Answer

The Answer of Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. 
-What sales volume does Lake's need to yield a $240,000 operating profit?
A) $600,000.
B) $2,020,000.
C) $2,400,000.
D) $2,440,000.

Lake Sales Had $2,200,000 in Sales Last Month