Younis Corporation's income statement appears below:

Income Statement Sales (all on account) $1,240,000 Cost of goods sold 780,000 Gross margin 460,000 Operating expenses 416,571 Net operating income 43,429 Interest expense 14,000 Net income before taxes 29,429 Income taxes (30%) 8,829 Net income $20,600

The company's net profit margin percentage is closest to:

A. 37.1%

B. 3.5%

C. 2.4%

D. 1.7%