SOLUTION: A computer chip manufacturer had net sales of ​$240 million with returns equal to 1 Over 30 of gross sales. Find gross sales rounded to the nearest million given that net sales e

Algebra ->  Finance -> SOLUTION: A computer chip manufacturer had net sales of ​$240 million with returns equal to 1 Over 30 of gross sales. Find gross sales rounded to the nearest million given that net sales e      Log On


   



Question 1151701: A computer chip manufacturer had net sales of ​$240 million with returns equal to 1 Over 30 of gross sales. Find gross sales rounded to the nearest million given that net sales equals gross sales less returns.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let gross sales = +x+ millions
Returns = +%281%2F30%29%2Ax+ millions
-----------------------------
+x+-+%281%2F30%29%2Ax+=+240+ ( in millions )
+%28+29%2F30+%29%2Ax+=+240+
+x+=+%28+30%2F29+%29%2A240+
+x+=+248.28+
Gross sales were 248 million ( rounded to nearest million )