Calip Corporation, a merchandising company, reported the following results for October:

Sales	$447,000
Cost of goods sold (all variable)	$170,500
Total variable selling expense	$20,100
Total fixed selling expense	$21,600
Total variable administrative expense	$8,500
Total fixed administrative expense	$31,300

The gross margin for October is:

$394,100

$247,900

$195,000

$276,500