Financial Information Is Presented Below The Gross Profit Rate Would Be
A)$64

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 42,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 165,000 \\\text { Cost of goods sold } & 96,000\end{array}$$ The gross profit rate would be

A) $64.
B) $42.
C) $36.
D) $37.