Please help with question 3b

3. Assume that the industry markup percentage on total manufacturing cost you calculated above is 67 percent. How much would: a. Effect on manufacturing costs per car on each model, sedan and compact, for CCC to match the industry markup? b. Effect on selling prices for each model, sedan and compact, to match the industry markup? Requirement 3 Amount of cost decrease (Req. 3a): Sedan Compact Amount of sales price increase (Req. 3b): Sedan Compact Current revenue Markup % per car 67.0% $123 26,600 67.0% S 19,650 Markup % per car 26,600 67.0% $ 19.650 Current cost base per car New cost base (CB) 15,697 15.928 10.868 11,766 base per car p er car (R) Increase 231 898 Decrease 67.0% S 'Et 2X NS 3:49 PM 11/6/2019