Last year, Sally had a gross profit margin of 68% in her hair salon. Her gross profit was $32,508.63. How much did Sally make in net sales last year?

Gross profit margin equals gross profit divided by net sales. Rearranging gives net sales = gross profit ÷ gross profit margin, so $32,508.63 ÷ 0.68 = $47,806.81 when rounded to the nearest cent. Therefore, Sally’s net sales were $47,806.81, choice D.

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