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37. A small firm allocates 28% of its gross profits into an account for insurance. Last year, the firm’s gross profit was $400,000. What amount was deposited into the insurance account?
38. Brian is opening a small sporting goods store. After considering her market, she sets her initial sales goal at $32,000 a month. He knows that the rent for his store should be about 8% of sales. Approximately what should he plan to pay for rent, based on the sales figure given?