Question & Answer: Exercise D3-25 The following is Talley Company's income statement for the past year. Sal…..

Exercise D3-25 The following is Talley Company’s income statement for the past year. Sales revenue Cost of goods sold 324,000 Gross margin Operating expenses 126,000 Operating income $90,000 $540,000 216,000 what is the markup percentage on cost of goods sold? (Round answer to 0 decimal places, e.g 45%.) Markup percentage what is the markup percentage on total cost? (Round answer to 0 decimal places, e.g 45%.) Markup percentage What is the gross margin percentage? (Round answer to 0 decimal places, e.g 45%.) Gross margin percentage