Question 3 (10 points) For the year 2019, Bailey Company had total sales of $1,500,000 and the Cost of Merchandise Sold was $1,200,000. What is the amount of Gross Profit? $1,200,000 $1,500,000 O $300,000 $2,700,000 None of the above Question 4 (10 points) For the year 2019, Bailey Company had total sales of $4,000,000 and the Cost of Merchandise Sold was $3,200,000. What is the Gross Profit Percentage? 20% $25% 10% O 14% None of the above Question 5 (10 points) For the year 2019, Bailey Company had total sales of $600,000 and the Cost of Merchandise Sold was $480,000. What is the Average Markup Percent? 20% O $25% O 10% 14% None of the above