Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepar the following statement at year-end (assume that all amounts are correct, but note the incorrect format): Net Sales Cost of Goods Sold BIG TOMMY CORPORATION Profit and Loss December 31 Debit Credit $516,200 $327,000 70,000 Salaries and Wages Expense Office Expense Travel Expenses Income Tax Expense Net Profit Totals 25,000 1,000 27,960 65,240 $516,200 $516,200 Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage %