Using Table 1 1 A, determine the sales necessary to equal a dollar of savings on purchases
Question:
Using Table 1 1 A, determine the sales necessary to equal a dollar of savings on purchases for a company that has:
a) A net profit of 6% and spends 60% of its revenue on purchases.
b) A net profit of 8% and spends 80% of its revenue on purchases.
Table 11.4:
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