Mantis Landscape Supply’s selected accounts as of December 31, 2015 follow. Compute the gross profit percentage for 2015.
Selling Expenses ........... $ 13,650
Interest Revenue ........... 1,300
Sales Returns and Allowances ....... 5,850
Sales Revenue ............ 132,000
Cost of Goods Sold ........... 110,500
Sales Discounts ........... 2,600
Administrative Expenses ........ 10,400