A company currently has sales of €1,200 thousand and it makes the following forecasts for the next year:
| Sales growth next year: | 10% |
| Cost of goods sold as a proportion of sales: | 75% |
| Salary, general, and administrative expenses as a proportion of sales: | 10% |
The expected gross profit for next year (in thousands) is closest to:
The expected gross profit in thousands is: €1,200 × (1 + 10%) × (1 - 75%) = €330.