Review the video to help you answer the following question.

The following information pertains to Smart Touch Learning's standard model touch screen tablet for the year: Sales Revenue $=$$$1,400,000$; Cost of Goods Sold $=$$$400,000.$ What was the gross profit

percentage for the standard model for the year?

A$.7\%$

B$.3\%$

C$.71\%$

D$.29\%$