Each of the following gross profit percentages is expressed in terms of cost. 1. 2. 3. 25%. 31%. 41.67% 63%. 4 Indicate the gross profit percentage in terms of sales for each of the above. (Round answers to 2 decimal places, eg. 78.73%.) Gross profit in terms of cost 25% Gross profit in terms of sales 1. 2. 31% % 3. 41.67% % 4. 63% %