Example 72
the Information Below Is Used for the Following Problems

Example 7.2
The information below is used for the following problems.
Jones & Company had:
$\begin{array}{lr}\text { Net sales } & 500000 \\\text { Gross profit } & 290000 \\\text { Operating profit } & 150000 \\\text { Net income } & 85000\end{array}$

-Refer to Example 7.2. Jones & Company's Gross Profit Percentage is:

A) 17%.
B) 30%.
C) 58%.
D) 11%