Country homes llc is a store for people who collect country arts and crafts and use them to decorate their homes. last year, its net sales totaled $120,500. the cost value of the items it sold was $72,300. taxes for the year were $7,680. the only expenses that the operation had were (1) rent for $3000, (2) salaries to the owner and one part-time assistant for $27,000, (3) utilities at $1,200, and (4) advertising of $500. calculate the gross margin percentage for country homes. 40 percent 26.3 percent 9.6 percent 60.2 percent 7.3 percent