Nikkel Corporation, a merchandising company, reported the following results for July:

Sales	$419,000
Cost of goods sold (all variable)	$175,500
Total variable selling expense	$ 23,600
Total fixed selling expense	$ 17,200
Total variable administrative expense	$ 15,400
Total fixed administrative expense	$ 31,400

The gross margin for July is:

	$243,500
	$204,500
	$370,400
	$155,900