Use the Following Information for Questions:
Consider the Following Income

Multiple Choice

Use the following information for questions:
Consider the following income statement data for Milan Inc.: $\begin{array} { l }&2011&2010\\ \text {Sales revenue }&\$97,000&\$86,200\\ \text { Less: Cost of goods sold}&45,600&53,400\\ \text {Gross profit }&51,700&32,800\\ \text { Less: Selling and administration costs Income before }&22,500&18,300\\ \text {income tax }&29,200&14,500\\\end{array}$

-What was the 2011 net profit margin before income tax closest to?

A) 16.8%
B) 23.1%
C) 30.0%
D) 53.1%