a small mail order company earns a 15% profit on all sales. if the company earned $5250 one month, how much were the total sales.?
(15/100)s=5250
s=35000
To find the total sales, we need to divide the profit by the profit percentage.
Step 1: Convert the profit percentage to a profit fraction by dividing it by 100.
15% / 100 = 0.15
Step 2: Divide the given profit by the profit fraction to find the total sales.
Profit = Total Sales * Profit Percentage
$5250 = Total Sales * 0.15
Step 3: Solve for Total Sales by dividing both sides of the equation by 0.15
Total Sales = $5250 / 0.15
Now, let's calculate the total sales using this equation.