Mercer,Inc $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & 598,000 \\\hline \text { Cost of Goods Sold } & 360,000 \\\hline\end{array}$$

Multiple Choice

Mercer,Inc.provides the following data for 2019: $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & 598,000 \\\hline \text { Cost of Goods Sold } & 360,000 \\\hline\end{array}$$ The gross profit as a percentage of net sales is ________.(Round your answer to two decimal places.)

A) 37.96%
B) 39.80%
C) 60.20%
D) 40.8%