ronnie's repair shop has a monthly target profit of $54,000. Variable costs are 20% of sales, and monthly fixed costs are $18,000.


Requirements:
1. Compute the monthly margin of safety in dollars if the shop achieves its income goal.


2. Express Ronnie's margin of safety as a percentage of target sales

What work have you done? We don't do it for you. Show your work.

Nothing. I don't even know where to start and my prof is out this week

In order to achieve $54000 profit, you obviously need more$$ as income. Look at you other numbers, $18,000. What does that get subtracted from. I'll go no further unless you try. Think gross vs net.