Calculate the Gross Profit for Jefferson Company Based on the Following

Multiple Choice

Calculate the gross profit for Jefferson Company based on the following: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 764,000 \\\hline \text { Selling expenses } & 42,500 \\\hline \text { Cost of goods sold } & 538,000 \\\hline\end{array}$$

A) $495,500
B) $183,500
C) $721,500
D) $226,000