Chem Manufacturing Company processes direct materials up to the split-off point where two products (X and Y) are obtained and sold. The following information was collected for the month of November Direct materials processed: 11,200 gallons (11.200 gallons yield 10,300 gallons of good product and 900 gallons of shrinkage) Production: X Y 5,600 gallons 4,700 gallons Sales: Y 5,350 at $150 per gallon 4,450 at $50 per gallon The cost of purchasing 11,200 gallons of direct materials and processing it up to the split - off point to yield a total of 10,300 gallons of good products was $1,025,000. The beginning inventories totaled 40 gallons for X and 330 gallons for Y. Ending inventory amounts reflected 565 gallons of Product X and 380 gallons of Product Y. October costs per unit were the same as November. Using the physical - volume method, what is Product X's approximate gross - margin percentage? (Round all intermediary calculations two decimal places.) O A. 34% OB. 39% O C. 52% OD. 54%