Presented below is information for Bramble Corp. for the month of January 2022.

Cost of goods sold $ 230,808 Rent expense $ 33,000

Freight-out 6,000 Sales discounts 8,000

Insurance expense 12,000 Sales returns and allowances 20,000

Salaries and wages expense 57,000

Sales revenue

382,000

Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.)

Gross profit rate

enter the gross profit rate in percentages rounded to 2 decimal places

Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $ 230,808 6,000 12,000 57.000 Rent expense Sales discounts Sales returns and allowances Sales revenue $33,000 8,000 20,000 382.000 Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $ 230,808 6,000 12,000 57.000 Rent expense Sales discounts Sales returns and allowances Sales revenue $33,000 8,000 20,000 382.000 Your answer is incorrect Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate % e Textbook and Media