Iron Company had an $ 18000 beginning inventory and a $ 25000 ending inventory. Net sales were $ 181000; purchases, $ 95000; purchase returns and allowances, $ 2000; and freight in, $ 3000. Cost of goods sold for the period is $ 89000.

Iron Company had an $18,000 beginning inventory and a $25,000 ending inventory. Net sales were $181,000; purchases, $95,000; purchase returns and allowances, S2,000; and freight in, $3,000. Cost of goods sold for the period is 589,000. What is Iron's gross profit percentage (rounded to the nearest percentage)? OA. 10% O B. 14%. C, 49% OD, 51%