Gross margin percent and markup percent Target Corp. (TGT) operates retail stores throughout the United States and is a major competitor of Walmart (WMT). The following data (in millions) were, adapted from recent financial statements of Target. 1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place. 2. Compute the average markup percent for Years 1 and 2. Round to one decimal place