The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December 31.

Advertising Expense	$10,100
Cost of Goods Sold	87,600
Delivery Expense	4,000
Insurance Expense	800
Income Tax Expense	6,920
Rent Expense	11,600
Interest Expense	1,300
Sales Revenue	160,500
Sales Discounts	9,100
Sales Returns and Allowances	18,700

Mulberry Street Sportswear
Income Statement
For the year ended December 31

b.	Compute the gross profit percentage. (Round your answer to one decimal place (i.e., 0.1234 should be entered as 12.3).)

Gross Profit

%