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Markup mode: sell price = cost x (1 + markup / 100). Margin mode: sell price = cost / (1 - margin / 100). Profit = sell price - cost.- Apply the formulaMarkup mode: sell price = cost x (1 + markup / 100). Margin mode: sell price = cost / (1 - margin / 100). Profit = sell price - cost.$700.00Gross profit $200.00; markup 40.0%; margin 28.6%.