Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sales of $722,500 , with a cost of merchandise to Heller of $289,000 . Based on past experience, Heller Company expects 4% of sales to be returned. How much gross profit will Heller Company recognize for the current period?

Select one:

a. $416,160

b. $722,500

c. $300,560

d. $693,600

e. $433,500