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On August 31,2016,Hurricane Chuck Destroyed Bedford Craft Mart's Entire Inventory

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On August 31,2016,Hurricane Chuck destroyed Bedford Craft Mart's entire inventory.The following information is available from its accounting records:
On August 31,2016,Hurricane Chuck destroyed Bedford Craft Mart's entire inventory.The following information is available from its accounting records: Required: Assuming that Bedford estimates the cost of destroyed inventory at $510,000,compute gross profit margin % that Bedford uses in estimating inventory.
Required:
Assuming that Bedford estimates the cost of destroyed inventory at $510,000,compute gross profit margin % that Bedford uses in estimating inventory.

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