Each of the following gross profit percentages is expressed in terms of cost. 1. 37%. 2. 46%. 3. 4. 61.67%. 93%. Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, e.g. 78.73%.) Gross profit in terms of cost Gross profit in terms of sales 1. 37% % 2. 46% % 3. 61.67% % 4. 93% %