When a product has elastic demand, the percentage change in price Shareholder Equity: juity Shares, 2346' share outstanding, 118 \begin{tabular}{r|c|} \hline Par value 0.05 & \\ \hline Paid in Capital & 5858 \\ \hline Retained Earning & 13826 \\ \hline Total Shareholder Equity & 19802 \\ \hline Total Assets & 30011 \\ \hline Current Liability & 8035 \\ \hline Total Sales & 53553 \\ \hline Gross Profit & 16147 \\ \hline Net Operating Profit & 3028.65 \\ \hline Net Profit & 3044 \\ \hline \end{tabular} Calculate Apollo's gross profit margin