Next Page Page 1 of 9 Question 1 (4 points) )Listen This question relates to the financial measures important to marketers. Be sure to answer all 4 parts. Krazy Karn's Kayaks is a leading producer of quality kayaks in the competitive kayak market. Karn sells his kayaks to retailers and directly to consumers. In 2018 Karn sold 700 kayaks to retailers at a price of $1,200 each and 500 kayaks direct to consumers at $1,900 each. In 2018, Krazy Karn's variable cost of production and promotion is $800 per kayak. Karn pays leases on his workshop and manufacturing equipment of $100,000 in total. Answer the following for Karn for 2018: 1. What is Karn's total Sales Revenue? 2. What is Karn's Total Cost? 3. What is Karn's Net Profit? 4. What is Karn's Profit Margin Percentage