By what percentage would they have to decrease purchasing

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Problem

A small but growing online retailer, Nile Corporation, has shown impressive growth in sales over the past several years, with sales this past year at $731,000. Get the instant assignment help. Assuming that revenues stayed flat (meaning the company did not try to increase sales by the 8 percent target), by what percentage would they have to decrease purchasing expenses to equal the increased profit that would have come from a 8 percent increase to revenues?

Reference no: EM133926795

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