Financial Information Is Presented Below The Gross Profit Rate Would Be
A)$35

question 84

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 28,000 \\\text { Sales returns and allowances } & 7,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 150,000 \\\text { Cost of goods sold } & 98,000\end{array}$$ The gross profit rate would be

• A)$35.
• B)$30.
• C)$70.
• D)$28.