Exercise 3-25 (Part Level Submission) The following is Sandhill Companys income statement for the past year. Sales revenue $710,000 Cost of goods sold 426,000 Gross margin 284,000 Operating expenses 100,000 Operating income $184,000 Collapse question part (a) Correct answer. Your answer is correct. What is the markup percentage on cost of goods sold? (Round answer to 0 decimal places, e.g. 45%.) Markup percentage Entry field with correct answer 67 % Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT LINK TO VIDEO Attempts: 1 of 1 used Collapse question part (b) What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.) Markup percentage % Click if you would like to Show Work for this question: Open Show Work