Given that a firm's gross profit represents a margin of 2/9, then its mark up would be? Select one a 1/9 b. 9/2 c. 2/11 d. 2/7 Equipment that cost $200,000 and had a book value of $104,000 was sold for $120,000 Data from the comparative balance sheets are: 12/31/19 12/31/20 $380,000 Equipment $1,440,000 $1,300,000 Accumulated Depreciation $440,000 Equipment purchased during 2020 was Select one: a $60,000 b. $140.000 c. $200,000 d. $340,000