Profit Trends (A-H)

Product A Cost Per Item Price Per Item Quantity Sold

Current Year 8.97 16.06 306

Prior Year 9.26 16.46 297

Product B Cost Per Item Price Per Item Quantity Sold

Current Year 18.70 28.78 320

Prior Year 19.41 29.76 329

Product C Cost Per Item Price Per Item Quantity Sold

Current Year 28.34 53.37 301

Prior Year 29.45 54.86 309

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 19.00%

B Between 19.00% and 27.00%

C Between 27.00% and 30.00%

D Between 30.00% and 33.00%

E Between 33.00% and 35.00%

F Between 35.00% and 38.00%

G Between 38.00% and 44.00%

H Between 44.00% 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