Question $17$

Wright & Boyle Inc. had the following income statement for the month of May:

Sales revenue

$$470,800\mathrm{.}00$

Cost of goods sold

$217,766\mathrm{.}40$

Gross margin

$ $253,033\mathrm{.}60$

Less:

Selling expenses

$$86,199\mathrm{.}20$

Administrative expenses

$74,942\mathrm{.}80$

Operating income

$ $91,891\mathrm{.}60$

What was the sales revenue percent?

$16\%$

$48\%$

$52\%$

$100\%$