Aphrodite Co. uses the periodic inventory system, and the following information about the companys frisbee inventory is available:

Date	Transaction	Units	Cost per Unit	Total Cost
1/1	Beginning Inventory	1,000	$12.00	$12,000
4/22	Purchase	4,000	$14.00	$56,000
8/25	Purchase	5,000	$16.40	$82,000
		10,000		$150,000

During the year, 7,200 frisbee were sold at $30 each.

What is the gross profit margin for the year using the FIFO method.