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Based on the image you uploaded, the task requires calculating the percentage of **Operating Expenses** as compared to **Gross Margin**, and filling out the missing columns accordingly. Here’s how to approach it:

### Given Data:
- **Gross Margin**: $7,000
- **Operating Expenses**: $6,600
- **Net Profit**: 3.5% (though this percentage isn't immediately needed for operating expenses calculation).

### Step-by-Step Calculation:
The percentage of **Operating Expenses** is calculated as:

\[
\text{Operating Expenses \%} = \left( \frac{\text{Operating Expenses}}{\text{Gross Margin}} \right) \times 100
\]

Substituting the values:

\[
\text{Operating Expenses \%} = \left( \frac{6,600}{7,000} \right) \times 100 = 94.29\%
\]

So, the **Operating Expenses** percentage is **94.29%**.

Would you like more details, or help with completing the rest of the table?

### Additional Questions for Practice:
1. How would you calculate the net profit if net sales were known?
2. What is the formula for determining gross margin as a percentage of net sales?
3. How do you compute the total cost of goods sold (COGS) if you know the net sales and gross margin?
4. What is the significance of the operating expense ratio in business?
5. How does operating expenses affect profitability?

### Tip:
When working with percentage calculations in financial statements, always ensure you're comparing the correct figures (e.g., gross margin vs. operating expenses) to avoid misinterpretation.

Find the % of Operating Expenses. Show two decimal places. Given: Gross Margin = $7,000, Operating Expenses = $6,600, Net Profit = 3.5%

Learn how to calculate the percentage of operating expenses based on the gross margin using a simple formula. Example problem: Gross Margin = $7,000, Operating Expenses = $6,600. This calculation gives you the percentage of operating expenses in relation to gross margin. Suitable for students in Grades 8-10.

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