Tip #1: Gross Profit Margin and Dollars (Automotive Business Tips)

[@fernandalbm590]

How did u get to $87,5 K? Thanks in advance

[@iforabe]

Cecil is working backward here. By having a 40% GPM, we would do .4 x $87,500 = $35,000. In order to make a net profit of $35,000, with a 40% Gross Profit Margin, we would need to make $87,500. Let us know if that was helpful!