Danby,IncProvides the Following Data from Its Income Statement for 2018

Multiple Choice

Danby,Inc.provides the following data from its income statement for 2018: $$\begin{array} { | l | r | } \hline \text { Net Sales } & \$ 540,000 \\\hline \text { Cost of Goods Sold } & \$ 190,000 \\\hline \text { Gross Profit } & \$ 350,000 \\\hline\end{array}$$ Calculate the gross profit percentage.(Round your answer to two decimal places.)

A) 18.42%
B) 64.81%
C) 100.00%
D) 35.19%