Compute the gross profit $($sales minus cost of goods sold$)$ and the gross profit ratio for $2025$ assuming that Cast Iron

purchased $43,000$ units $($as per the first assumption$)$ and $22,500$ units $($as per the second assumption$)$ during the year and

uses the FIFO inventory cost method rather than the LIFO method.

Note: Round "Gross profit ratio" answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}123$ needs to be entered as $12\mathrm{.}3.)$