Financial information is presented below: Operating Expenses $ 60,000 Sales Revenue 225,000 Cost of Goods Sold 135,000 The gross profit rate would be:.a. 400 b. 733 c. 600 d. 133

a. 40%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = (Gross profit) ÷ (Sales revenue) × 100

where,

Gross profit = Sales revenue - cost of goods sold

= $225,000 - $135,000

= $90,000

And, the sales revenue is $225,000

So, the gross profit rate is

= ($90,000) ÷ ($225,000)

= 40%

It shows a relationship between the gross profit and the sales revenue

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