Financial information is presented below:

Operating Expenses

Sales Returns and Allowances

Sales Discounts

Sales Revenue

Cost of Goods Sold

$$96000$

$24000$

$15000$

$289000$

$176000$

The gross profit rate would be

$34\mathrm{.}3\%$

$29\mathrm{.}6\%$

$20\mathrm{.}2\%$

$24\mathrm{.}0\%$