Given the Information Below, Determine This Organization's Gross Profit Margin

Multiple Choice

Given the information below, determine this organization's gross profit margin: Net Sales Revenue $300,000 Cost of Goods Sold $150,000 Net Profit $20,000
Total Assets_$250,00

A) ^30%
B) ^20%
C) ^50%
D) ^15%
E) ^{none of these choices are incorrect}