Lincoln, Incorporated, which uses a volume$-$based cost system, produces cat condos that sell for $$140$ each. Direct materials cost $$23$ per unit, and direct labor costs $$19$ per unit. Manufacturing overhead is applied at a rate of $200\%$ of direct labor cost. Nonmanufacturing costs are $$30$ per unit. What is the gross profit margin for the cat condos?

Note: Round your intermediate calculations to nearest whole dollar.

Multiple Choice

$42\mathrm{.}9\%$

$61\mathrm{.}1\%$

$78\mathrm{.}6\%$

$21\mathrm{.}4\%$