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Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

Sales $ 24,200
Variable expenses 13,400
Contribution margin 10,800
Fixed expenses 7,668
Net operating income $ 3,132

What is the variable expense ratio?Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).

Variable expense ratio__?

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