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DriverDriver Company had aa $ 22 comma 000$22,000 beginning inventory and aa $ 30 comma 000$30,000 ending inventory. Net sales were $ 165 comma 000$165,000;

DriverDriver Company had aa $ 22 comma 000$22,000 beginning inventory and aa $ 30 comma 000$30,000 ending inventory. Net sales were $ 165 comma 000$165,000; purchases, $ 85 comma 000$85,000; purchase returns and allowances, $ 3 comma 000$3,000; and freight in, $ 3 comma 000$3,000. Cost of goods sold for the period is $ 77 comma 000$77,000.


What is DriverDriver's gross profit percentage (rounded to the nearest percentage)?

A. 53%

B. 47%

C. 13%

D. 18%.


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