Given Sales $200,000 Fixed manufacturing cost of goods sold $15,000 Cost of goods sold $55,000 $25,000 Fixed selling and administrative expenses Variable manufacturing cost of goods sold $40,000 Variable selling expenses $40,000 The gross profit and gross profit % are Select one: o $25,000 and 12.5% respectively $120,000 and 60% respectively $90,000 and 45% respectively $145,000 and 72.5% respectively