Crane Company reported the following information for November and December 2020.

November December

Cost of goods purchased $536,000 $606,000

Inventory, beginning-of-month 124,000 136,010

Inventory, end-of-month 136,010 jQuery224031566756215602254_1615582498018??

Sales revenue 859,000 1,000,000

Crane's ending inventory on December 31 was destroyed in a fire.

(a)

Compute the gross profit rate for November.(Round answer to 0 decimal places, e.g. 15%.)

Gross profit rate

%