In February, Revolve Records had net sales of $$25,000$ and a cost of goods sold of $$15,000.$ In March, the shop$$s net sales stayed flat but its cost of goods sold dropped to $$12,500.$ Based on this information, you can conclude that

Select answer from the options below

Revolve$$s gross profit on sales was lower in February than in March.

Revolve$$s net income was lower in February than in March.

Revolve$$s gross profit on sales was higher in February than in March.

Revolve$$s net income was higher in February than in March.