Missoula Incorporated reported the following selected financial statement data

$\backslash$table$[[,\backslash$table$[[$December $31,],[2023]],\backslash$table$[[$December $31,],[2024]]],[$Cash$,$$ $37,000,$$ $42,500],[$Accounts receivable $($net$),55,000,67,000],[$Inventory$,75,000,79,000],[$Plant assets $($net$),217,000,232,000],[$Total assets,$426,000,409,000],[$Liabilities$,152,000,152,000],[$Shareholders$\text{'}$ equity,$274,000,257,000],[$Net sales,$347,000,414,000],[$Cost of goods sold,$227,000,294,000],[$Net income,$27,000,33,120]]$

Required:

Compute the profit margin on sales for $2024.$

Note: Round your answer to $2$ decimal places.

$\backslash$table$[[$Profit margin on sales,$12\mathrm{.}89,\%$