Merchandising Chapter 10.1

1. In your Workbook, complete the chart below by filling in the blank spaces for selling prices, cost prices, gross profits, and related percentages. Cost of Goods Sold as a % of Gross Profit Selling Price $100 $ 40 Gross Profit Gross Profit as a % of as a % of Selling Price Cost Price (Margin) (Markup) Cost Price Selling Price $250 $ 80 $ 85 $ 56 $ 75 $195 $ 75 $300 $225 $ 63 40% $ 54 $500 $200 70% 65% 52% $120