Question 12 Answer the following. Your answer is incorrect. Try again. Convert the following gross profit percentages based on cost to gross profit percentages based on sales price: (Round answers to 2 decimal places, e.g. 15.25%) 24% on cost = % on selling price 39% on cost = : % on selling price Your answer is incorrect. Try again. Convert the following gross profit percentages based on sales price to gross profit percentages based on cost (Round answers to 2 decimal places, e.g. 15.25%) 40% on selling price = 61% on selling price = Click if you would like to Show Work for this question: Open Show Work % on cost % on cost