Determining Sales minus the cost of merchandise sold.Gross Profit

During the current year, merchandise is sold for $758,000. The The cost that is reported as an expense when goods is sold.cost of the goods sold is $462,380.

a. What is the amount of the gross profit? $

b. Compute the gross profit percentage (gross profit divided by The total amount charged to customers for merchandise sold, including cash sales and sales on account.sales). Round to the nearest whole number. %