Competition-Based Pricing - use the HubSpot file on BlackBoard Imagine that you are starting a new business selling insulated water bottles and want to determine your price based on the competition. You decide to set your price 15% lower than the competitor average price of $42. If your product variable cost is $24.50, what is your gross margin? If your project units sold are 150, what is your projected gross margin? What is your profit margin for this product? Round to two decimal places. Use the formula from the slides to help you