Burns Heating Inc. has provided the following information for 2018: Sales revenues $100,000 Sales returns and allowances 5,000 Sales discounts 5,000 Cost of goods sold 40,000 Rent expense 15,000 Salaries expense 10,000 What is Burns Heating Inc.s gross profit margin?

A)27.8%

B)55.6%

C)60.0%