Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,800; Cost of Goods Sold, $23,600; Income Tax Expense, $2,500; Interest Expense, $3,000; Interest Revenue, $340; General Expenses, $2,000; Net Sales, $40,000; and Delivery (freight-out) Expense, $440. Required: 1. Calculate the gross profit percentage. Numerator Denominator Gross Profit Percentage