Financial Information Is Presented Below The Gross Profit Rate Would Be

A)

Financial information is presented below.
$\begin{array} { l r } \text { Operating Expenses } & € 90,000 \\ \text { Sales Returns and Allowances } & 26,000 \\ \text { Sales Discounts } & 12,000 \\ \text { Sales } & 320,000 \\ \text { Cost of Goods Sold } & 154,000 \end{array}$

The gross profit rate would be

A) .454
B) .546 .
C) .500
D) .538