Jackson Ltd expects a new enterprise to generate a gross contribution 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 £12.000 per month.
Calculate the sales revenue necessary to yield a monthly net profit margin of 10% (calculated as a percentage of sales).
A. £30,000
B. £40,000
C.£60,000
D. £66,000
