The following data were provided by Mystery Incorporated for the year ended December 31:

Cost of Goods Sold

$

159,000

Income Tax Expense

16,000

Merchandise Sales (gross revenue) for Cash

228,000

Merchandise Sales (gross revenue) on Credit

39,600

Office Expenses

18,400

Sales Returns and Allowances

6,690

Salaries and Wages Expense

37,800

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Item 6

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The following data were provided by Mystery Incorporated for the year ended December 31:

Cost of Goods Sold	$	159,000
Income Tax Expense		16,000
Merchandise Sales (gross revenue) for Cash		228,000
Merchandise Sales (gross revenue) on Credit		39,600
Office Expenses		18,400
Sales Returns and Allowances		6,690
Salaries and Wages Expense		37,800

1. 2-a. What was the amount of gross profit?

2. 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)

4. Did the gross profit percentage in the current year improve, or decline, relative to the 37% gross profit percentage in the prior year?

5. Improve or Decline

6. multiple choice