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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $39,900; Income Tax Expense,

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, $39,900; Income Tax Expense, $3,100; Interest Expense, $3,600; Interest Revenue, $400; General Expenses, $2,600; Net Sales, $57,000; and Delivery (freight-out) Expense, $500. Required: 1. Calculate the gross profit percentage. Numerator Denominator Gross Profit Percentage =

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