Prague Manufacturing uses a job-order costing system. In its first year of operations, Prague recorded the following journal entries under the job-order system:

DEBIT CREDIT

1. Raw materials 345 Accts payable 345

2. W-I-P 417 Wages payable 417

3. MOH 610 Accts payable 610

5. W-I-P 603 MOH 603

6. W-I-P 129 Raw materials 129

7. Finished goods 525 W-I-P 525

8. Accts receivable 614 Sales 614 [job #A-1]

9. Cost of goods sold 363 Finished goods 363 [job #A-1]

Job #A-1 was the only job completed and sold this year. After closing the MOH account at year-end, compute the gross profit ratio achieved for the year. Round your answer to nearest percent.