IUB Corporation projected a year end net income of $80,000. This net income represented 15% of projected annual sales. What are IUB's projected annual sales? (Round to nearest dollar.)

Name: IUB Corporation projected a year end net income of $80,000. This net income represented 15% of projected annual sales. What are IUB's projected annual sales? (Round to nearest dollar.)
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Question

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B = ?, R = 15%, P = 80,000. Using the portion formula to divide $80,000 by .15.

IUB Corporation Projected a Year End Net Income of $80,000