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Product A Current Year Prior Year Cost Per Item 7.37 7.20 Price Per Item 15.89 16.45 Quantity Sold 308 297 Product B Current Year Prior

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Product A Current Year Prior Year Cost Per Item 7.37 7.20 Price Per Item 15.89 16.45 Quantity Sold 308 297 Product B Current Year Prior Year Cost Per Item 18.31 18.68 Price Per Item 19.39 19.80 Quantity Sold 318 327 Product C Current Year Prior Year Cost Per Item 28.65 27.91 Price Per Item 38.12 37.28 Quantity Sold 350 361 Please compute the GPM for each product for each year. 1 What was the average GPM for the current year? A Between 10.00% and 27.00% B Between 27.00% and 33.00% C Between 33.00% and 38.00% D Between 38.00% and 50.00% 2 Which product had the most extreme change in GPM? Hint: definfe "most extreme change" as the absolute value of [(Current GPM - Prior GPM) / Prior GPM ]. A Product A B Product B C Product C DNA

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