HazardHazard Company had a $30,000 beginning inventory andaa$ 38 comma 000$38,000ending inventory. Net sales were$ 170 comma 000$170,000?;?purchases,$ 85 comma 000$85,000?;purchase returns and? allowances,$ 2 comma 000$2,000?;and freight? in,$ 9 comma 000$9,000.Cost of goods sold for the period is$ 84 comma 000$84,000.What isHazardHazard?’sgross profit percentage? (rounded to the nearest? percentage)?