The Dargate Retailing Company sells a range of different products, some with modest gross profit margins, and

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The Dargate Retailing Company sells a range of different products, some with modest gross profit margins, and some with much higher gross profit margins. For example, they buy Fargs for £100 each, apply a 25 per cent mark-up, and sell them for £125 each; the gross profit on Fargs is, therefore, 20 per cent (£25 gross profit is 20 per cent of the selling price). Employees often confuse percentage mark-ups with percentage gross profit. To avoid confusion you are asked to produce a definitive list showing the cost, mark-up percentage, selling price and gross profit percentage of each product by completing the gaps in the table that follows:image text in transcribed

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