Jackson Ltd expects a new enterprise to generate a gross contribution margin of 40% (calculated as a percentage of sales

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answerhappygod
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Jackson Ltd expects a new enterprise to generate a gross contribution margin of 40% (calculated as a percentage of sales

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Jackson Ltd expects a new enterprise to generate a grosscontribution margin of 40% (calculated as a percentage of sales).Variable selling expenses are expected to be an additional 10%(calculated as a percentage of sales), and fixed overheads £12.000per month.
Calculate the sales revenue necessary to yield a monthlynet profit margin of 10% (calculated as a percentage ofsales).
A. £30,000
B. £40,000
C.£60,000
D. £66,000
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