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%
