Asmall but growing online retailer, nile corporation, has shown impressive growth in sales over the past several years, with sales this past year at $950,000.1. if the company has a net profit margin of 4 percent, what would its net profit be (in dollars)? (display your answer as a whole number.)
2. assuming that revenues stayed flat (meaning the company did not try to increase sales by the 9 percent target), by what percentage would they have to decrease purchasing expenses to equal the increased profit that would have come from a 9 percent increase to revenues? (write your answer as a percentage, and display your answer to two decimal places.)