Nikkel Corporation, a merchandising company, reported the following results for July:
| Sales |
$419,000 |
| Cost of goods sold (all variable) |
$175,500 |
| Total variable selling expense |
$ 23,600 |
| Total fixed selling expense |
$ 17,200 |
| Total variable administrative expense |
$ 15,400 |
| Total fixed administrative expense |
$ 31,400 |
The gross margin for July is: