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Product A Current Year Prior Year Cost Per Item 7.59 7.31 Price Per Item 16.72 16.32 Quantity Sold 306 296 Product B Current Year Prior

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Product A Current Year Prior Year Cost Per Item 7.59 7.31 Price Per Item 16.72 16.32 Quantity Sold 306 296 Product B Current Year Prior Year Cost Per Item 18.33 17.95 Price Per Item 26.17 25.33 Quantity Sold 305 314 Product C Current Year Prior Year Cost Per Item 28.55 27.81 Price Per Item 38.32 37.06 Quantity Sold 342 355 Please compute the GPM for each product for cach 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 D NA

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