Knowledge Check Accounting data of Lad Mowing are presented here. Net sales Gross profit 2025 $622,500 343,620 2025 Gross profit rate 2024 2024 Gross profit rate $614,000 Calculate gross profit for 2025 and 2024. (Round your answers to two decimal places (e.g., 7.70%).) 303,930 5.60 % 5.00 %

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