Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year ended December 31: 6 Cost of Goods Sold Income Tax Expense Merchandise Sales (gross revenue) for Cash Merchandise Sales (gross revenue) on Credit Office Expense Sales Returns and Allowances Salaries and Wages Expense $ 175,000 20,700 260,000 46,000 20,000 7,650 44,200 2-a. What was the dollar amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)

Required information [The following information applies to the questions displayed below.] The following data were provided by Mystery incorporated for the year ended December 31: 2-a. What was the dollar amount of gross profit? 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)