Thomas Industries reported the following:

Net sales	$480 comma 000480,000		Cost of goods sold	$ 370 comma 000$370,000
Operating expenses	$ 55 comma 000$55,000		Tax rate	5050%

The gross profit percentage is: (Round your final answer to the nearest percentage.)

A.

23%.

B.

39%.

C.

15%.

D.

77%.