* Your answer is incorrect. Try again. Each of the following gross profit percentages is expressed in terms of cost. 32%. 2 40%. 3. 53.33%. 4. 80%. Indicate the gross profit percentage in terms of sales for each of the above. (Round an Gross profit in Gross profit in terms of cost terms of sales 1. 32% 26.02 % 2. 40% % 3. 53.33% % 4. 80% %