Quebec Traffic Company had a fire on March 10, 2020, that destroyed a major portion of its inventory. The salvaged accounting records contained the following information:

Sales, January 1 to March 10 ............................................................................................... $ 355,600
Net merchandise purchased January 1 to March 10........................................................... 187,400

Additional information was determined from the 2019 annual report:

Income statement:
Sales ........................................................................................................................................ $3,300,000
Cost of goods sold ................................................................................................................... 1,782,000

Balance sheet:
Merchandise inventory .............................................................................................................. 299,100
Quebec Traffic was able to salvage inventory with a cost of $106,300.

Required

Determine the amount of inventory lost by Quebec Traffic as a result of the fire. Quebec Traffic has a December 31 year-end. Round the gross profit ratio to the nearest whole percentage point.