True Blue, Inc.--which had a net profit of $200,000 last year--had a gross margin of 40 percent and expenses of 30 percent. What were its net sales in dollars?
A) $700,000
B) $2,000,000
C) $1,000,000
D) $800,000
E) Cannot be determined with data given.

Question

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The Answer of True Blue, Inc.--which had a net profit of $200,000 last year--had a gross margin of 40 percent and expenses of 30 percent. What were its net sales in dollars?
A) $700,000
B) $2,000,000
C) $1,000,000
D) $800,000
E) Cannot be determined with data given.