Exercise 9-13 Each of the following gross profit percentages is expressed in terms of cost. 1. 29.00%. 2. 36.25%. 3. 48.33%. 4. 72.50%. 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. 29.00% % 2. 36.25% % 3. 48.33% % 4. 72.50% %