Solve the problem.
-A company's profit amounted to $5 \%$ of its sales. If the profits were $\$ 6$ million, then what were the company's sales?
A) \$118 million
B) $\$ 120$ million
C) $\$ 122$ million
D) $\$ 121$ million

Question

Quizplus · Accepted Answer

The company's profit is 5% of its sales, so to find the sales, you divide the profit by 5% (or 0.05). Thus, sales = $6 million / 0.05 = $120 million.

Solve the Problem 5%5 \%5% Of Its Sales $6\$ 6$6 Million, Then What Were the Company's Sales? A) \$118 Million

Solve the Problem $5 \%$ Of Its Sales $\$ 6$ Million, Then What Were the Company's Sales?
A) \$118 Million