Try-It 5-1 (similar to) Consider each situation independently: a. What is the gross margin if sales are $150,000 and cost of goods sold is $65,000? b. If gross margin is $45,000 and cost of goods sold is $65,000, what was sales revenue? c. If sales are $44,000 and gross margin is $10,500, what was cost of goods sold? a. What is the gross margin if sales are $150,000 and cost of goods sold is $65,000? Gross margin is