Gross margin in 2017 for Beaver Enterprises totaled $1,000,000.If cost of goods sold is 60% of sales, how much is sales?

Name: Gross margin in 2017 for Beaver Enterprises totaled $1,000,000.If cost of goods sold is 60% of sales, how much is sales?
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Gross margin is calculated as Sales minus Cost of Goods Sold (COGS). Given that COGS is 60% of sales, the gross margin is 40% of sales. If the gross margin is $1,000,000, then $1,000,000 is 40% of sales. Solving for sales gives $1,000,000 / 0.4 = $2,500,000.

Gross Margin in 2017 for Beaver Enterprises Totaled $1,000,000