A drugstore is promoting candy sales for one month. A budget of $300 was allocated to this promotion based on 5% of net candy sales during the same period last year. What were the net sales that led to the $300 budget

Question

Luna Khan

Business

15 March, 04:00

A drugstore is promoting candy sales for one month. A budget of $300 was allocated to this promotion based on 5% of net candy sales during the same period last year. What were the net sales that led to the $300 budget

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Answers (1)

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Fiona · Answer 1

The net sales is $6,000

Explanation:

5% of the net sales = $300

The net sale can be calculated by,

The net sales is x.

5% of x is $300.

Find x.

5x/100=$300

Cross multiply.

5x=$30000

Then divide both sides by the coefficient of x which is 5

Which leads to $30000/5

X=$6000.

Therefore, the net spend is $6,000.