Calculate the gross margin percent. Present your answer with a percent sign, rounded to two decimal places {i.e. 15.54%]. NOTE. There are four questions associated with this data. 1You will ultimately complete a complete Elli-I exercise. Cost {5] Retail [51 Opening inventory 131,415 251,543 Gross purchases 415,355 554,915 Returns tn 1..rendols 1,225 3,514 Cash discounts 2,545 Alteration eosls 1,525 Freight 1,555 Gross Sales 555,435 Customer returns 55,345 Markdowns 125,535 Markdown cancellations 3,545 Additional markup 355 Employee discounts 1,515 Closing physical inventory 212,553