NS -CMS GM -OE Net loss $280,000.00 - 150,000.00 $130,000.00 -138,400.00 -$ 8,400.00 100.0% -53.6% 46.4% -49.4% 3.0% 280,000.00 NS 3% $8,400.00 NL *** 30. Determine net sales for a handbag department with the following figures: Gross margin $11,500 Operating expenses $11,000 Net profit 2% Find the net sales. NS $25,000.00 100% -C -13,500.00 -54% GM $11,500.00 46% -OE -11,000.00 -44% NP $ 500.00 2% Answer: $25,000.00 Net Sales