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kiruha [24]
3 years ago
5

the linen department had net sales of $80,000. there was a 2% loss, and the gross margin was 46%. determine the operating expens

es of the department and express the result in dollars and as a percentage
Business
1 answer:
Luda [366]3 years ago
3 0

Answer:

48%

Explanation:

Net sales of $80,000

A 2% loss

Gross margin was 46%

Profit Loss = 2% - $80,000

= 0.02 * $80,000

= $1,600

Gross margin = 46% * Profit loss

= 0.46 * $80,000

= $36,800

Net Profit = Gross Margin - Operating Expenses

-$1,600 = $36,800 - Operating Expenses

Operating Expenses = $36,800 + $1,600

Operating Expenses = $38,400

Operating Expenses % = Operating expenses / Net sales

Operating Expenses % = $38,400 / $80,000

Operating Expenses % = 0.48

Operating Expenses % = 48%

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