# Problem: Owl Fitness needs to recall what its net sales were based on a profit margin of 12%, net income of $240,000 and average total assets of$1,000,000. Can you help?

###### Problem Details

Owl Fitness needs to recall what its net sales were based on a profit margin of 12%, net income of $240,000 and average total assets of$1,000,000. Can you help?

Frequently Asked Questions

What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Ratios: Profit Margin concept. You can view video lessons to learn Ratios: Profit Margin. Or if you need more Ratios: Profit Margin practice, you can also practice Ratios: Profit Margin practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofOwl Fitness needs to recall what its net sales were based on...as medium difficulty.