GYC Ltd. provides you with the following information:
Year I - Loss 40,000
Cost 108% of Sales Profit
Year II - Cost -11,40,000
Profit is 24% of Sales
During the next year III, the Selling Price and Variable Cost are expected to be reduced by 20% and 33-1/3% respectively and Fixed Costs are expected to increase by 25%.
Calculate the Sales so as to earn a return of 30% on Capital Employed. Working Capital is 25% of Sales and 20% of Capital Employed
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