Example 71
the Information Below Is Used for the Following Problems

Example 7.1
The information below is used for the following problems. Jones Sales Company had:
$\begin{array}{lr}\text { Net Sales } & 200000 \\\text { Gross Profit } & 90000 \\\text { Operating Profit } & 50000 \\\text { Net Income } & 35000\end{array}$

-Refer to Example 7.1. Jones Sales Company's gross profit percentage is:

A) 25%.
B) 38%.
C) 45%.
D) 55%.