Financial Information Is Presented Below The Gross Profit Rate Would Be
A)$36

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 3,000 \\\text { Sales discounts } & 7,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 96,000\end{array}$$ The gross profit rate would be

A) $36.
B) $64.
C) $40.
D) $34.