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Exercises I. 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 Gross Profit Gross Profit Goods Sold as a % of as a % of as a % of Selling Price Cost Price Selling Price Cost Price Gross Profit Selling Price (Margin) (Markup) $250 $100 $ 85 $ 40 $ 80 $ 56 $ 75 $ 75 $300 $195 $225 $ 63 $ 54 40% $500 70% $200 65% $120 52%