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How many dollars would have to increase sales

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SM.63 A small company has $9,500,000 in (annual) revenue, spends 59% of its revenues on purchases, and has a net profit margin of 10%. They would like to increase their profits and they are looking at focusing in one of two directions. First, they think they can save 1.35% on their purchase expenses. Or second, they can focus on increasing sales.

Problem 1: By how many dollars would they have to increase sales in order to equal a 1.35% savings to purchasing expenses? (whole number.)

Reference no: EM132716608

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