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Required: What are the current gross profit margin percentages on both systems? UR Safe's...

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Accounting

Required:
What are the current gross profit margin percentages on both systems?
UR Safe's management believes that it must drop the price on the ICU 100 to $760 and on the ICU 900 to $1,400 to remain
competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute
the target cost needed for each product to maintain the current gross profit margin percentages.
Note: For all requirements, round your percentage answers to 2 decimal places (i.e.1234=12.34%) and other answers to the
nearest whole dollar amount.
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