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Exercise 9-13 Each of the following gross profit percentages is expressed in terms of cost. 1. 22.00%. 2. 27.50%. 3, 36.66%. 4, 55.00%. Indicate the

Exercise 9-13 Each of the following gross profit percentages is expressed in terms of cost. 1. 22.00%. 2. 27.50%. 3, 36.66%. 4, 55.00%. 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 Gross profit in terms of sales 1. 2. 3. 4, 22.00% 27.50% 36.66% 55.00%

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