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Selected data for Concord Supply Corporation appear below. 2025 2024 Net credit sales $525,000 $433,000 Cost of goods sold 367.500 280,000 Inventory at the

Selected data for Concord Supply Corporation appear below. 2025 2024 Net credit sales $525,000 $433,000 Cost of goods sold 367.500 280,000 Inventory at the end of year 68,000 94.000 Accounts receivable at end of year 95,000 55,000 (a) Compute gross profit percentage for 2025. (Round answer to O decimal places, e.g. 25%) Gross profit percentage 96

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