5 of 6 < > View Policies Current Attempt in Progress Presented below is information for Concord Chocolatiers for the month of March 2020. Cost of goods sold 183,830 Rent expense 30,920 Freight-out 8,420 Sales discounts 7,740 Insurance expense 6,100 Sales returns and allowances 13,270 Salaries and wages expense 55,630 Sales revenue 388,670 Other comprehensive income 3,130 CONCORD CHOCOLATIERS Income Statement CONCORD CHOCOLATIERS Comprehensive Income Statement Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate do %