USA Finding Gross Profit Rate

[tntrac]

Hello,

Trying to solve this problem. Can somebody help?

Net Income = 15,000
Operating Expense = 20,000
Net sales = 75,000
Gross profit rate =?

Thanks,
TT

 

[Triest123]

Gross profit rate = (15000 + 20000) / 75,000

 

[tntrac]

Thanks so much.