Thomas Industries reported the following: Net sales $440,000 Cost of goods sold 320,000 Tax rate 40% Operating expenses $64,000 The gross profit percentage is: (Round your final answer to the nearest percentage.) A. 73%. OB. 27%. OC. 15%. OD. 29%. $320,000 40%

Thomas Industries reported the following: The gross profit percentage is: (Round your final answer to the nearest percentage A. 73%. B. 27%. C. 15%. D. 29%