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Each of the following gross profit percentages is expressed in terms of cost. 1. 42%. 2. 53%. 3. 70.00%. 4. 105%. Indicate the gross profit

Each of the following gross profit percentages is expressed in terms of cost.

1. 42%.
2. 53%.
3. 70.00%.
4. 105%.

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. 42% %
2. 53% %
3. 70.00% %
4. 105% %

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