Problem:
Hydra Company has two locations, downtown and at a surburban mall. During March, the company reported total net income of $337,000 and sales of $1.2 million. The contribution margin in the downtown store was $320,000 (40% of sales). The contribution margin in the mall store is $200,000. Total fixed costs are $90,000 in the downtown store and $93,000 in the mall location.
How much are sales at the mall. Show the work.
A. $400,000
B. $800,000
C. $666,667
D. Not enough information is provided to answer.
Note: Explain all steps comprehensively.