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Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:

Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:

Selling price per unit$40Sales commission5%Purchase price (cost) per unit$18Advertising expense$4,000 per monthAdministrative expense$4,500 per month plus 15% of sales

Assume that all activity mentioned in this problem is within the relevant range.

The expected gross margin next month is?

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