Presented below is information for Annie Company for the month of March 2015.

Cost of goods sold. 245,000

freight-out. 7,000

insurance esxpense 5,000

salaries and wages expense 63,000

rent expense 36,000

sales discounts 8,000

sales returns and allowances 11,000

sales revenue 410,000

calculate the gross profit rate.(Round answer to 1 decimal places, e.g. 52.7%.)