Each of the following gross profit percentages is expressed in terms of sales. 1. 40%. 2. 50%. 3. 66.67%. 4. 15.00%. Indicate the gross profit percentage in terms of cost for each of the above. (Round answers to 2 decimal places, eg.. Gross profit in terms of sales Gross profit in 1. terms of cost 40% 28.57 % 2. 50% 33.33 % 3. 66.67% 40.00 de % 4. 15.00% 13.04 %