The Max, Incorporated, is a leading fashion retailer that offers customers an extensive selection of high-quality fashion brands focused on apparel, shoes, cosmetics, and accessories for women, men, young adults and children. The items reported on its income statement for an earlier year (ended February 1) are presented here (dollars in millions) in simplified form in alphabetical order:

Cost of goods sold	$ 10,676
Interest expense	106
Net revenue	16,424
Other selling, general, and administrative expenses	4,508
Income tax expense	156
Weighted average shares outstanding	165

Required:

Prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes).

What is the gross profit percentage?