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a. (15 pts) Piccadilly Liquors marks up a case of Natural Light 45%. Their selling price for that case of Natural Light is $14.99. What
a. (15 pts) Piccadilly Liquors marks up a case of Natural Light 45%. Their selling price for that case of Natural Light is $14.99. What was their cost to purchase that case from their local distributor? b. (15 pts) Illinois Tool Works reported their Gross Margin increased from 25% to 30\% from Q1 (Quarter 1) to Q2 (Quarter 2), 2023. Their reported gross margin for Q2 was $150,000,000. i. What were the Q2 sales in $ ? ii. What was ITW's markup in Q2
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