Using the smith\'s bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make next week in order for your gross margin to equal $32,000? (gross margin=total sales - total cost of sales)

To be able to make a gross margin of around $32000, the total sales must be around $32,324.

What is gross margin?

Gross margin is the total amount of cost benefitted by the salesrevenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.

Putting the value of totalsales in the given formula, the grossmargin is $32,000 when the cost of goods being sold has increased by around 1 percent.

Hence, the grossmargin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.

To be able to make a

gross marginof around $32000, the totalsalesmust be around$32,324.## What is gross margin?

Gross marginis the total amount of costbenefittedby thesalesrevenueand thecostderived for thegoodsbeingsold. As per the information given above, the total sales calculation will be as$32,324.Putting the value of

totalsalesin the given formula, thegrossmarginis $32,000when thecostof goods being sold has increased by around1 percent.Hence, the

grossmarginwill be $32000when the totalsaleswill be $32,324and the costs ofsalesincreases byonepercent.Learn more about

gross marginhere:https://brainacademy.pro/question/22718027

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