Given the following different scenarios, calculate sales, gross profit and cost of sales from the information available.
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Given the following different scenarios, calculate sales, gross profit and cost of sales from the information available.
(a) Sales £100,000, gross margin 25 %.
(b) Sales £200,000, mark-up 30 %.
(c) Cost of sales £50,000, gross margin 25 %.
(d) Cost of sales £40,000, mark-up 20 %.
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