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Financial information is presented below: Operating expenses $ 61000 Sales returns and allowances 15000 Sales discounts 6000 Sales revenue 154000 Cost of goods sold 98000 The gross profit rate would be 0.36. 0.26. 0.27. 0.74.

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Based on the sales and the cost of goods sold, the gross profit rate would be b. 0.26.

What is the gross profit rate?

First, find the gross profit:

= Sales - Sales discounts - Sales returns - cost of goods sold

= 154,000 - 6,000 - 15,000 - 98,000

= $35,000

Gross profit rate is:

= 35,000 / (154,000 - 6,000 - 15,000)

= 0.26

Find out more on gross profit ratio at https://brainly.com/question/15825562.

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