Litten Corporation's most recent income statement appears below:

Sales (all on account)..........................$791,000
Cost of goods sold...............................412,000
Gross margin.....................................379,000
Selling and administrative expense...............214,000
Net operating income.............................165,000
Interest expense..................................34,000
Net income before taxes..........................131,000
Income taxes......................................40,000
Net income........................................91,000

The gross margin percentage is closest to:

A) 92.0%

B) 416.5%

C) 24.0%

D) 47.9%