Question 3 of 14 0.5/1 E View Polls Show Attempt History Current Attempt in Progress Crane Designs makes various accessories for pets. Their trademark product, PetBed, is perceived to be high quality but not extravagant and is sold in a variety of pet stores. Patricia Johnson, marketing manager, has convinced her boss that they are missing an important segment of the market. "We can increase the quality of the material and design and market PetBed to a higher-end dientele Patricia claims. We won't compete with our existing product. It's win-win!" PetBeds sell for $60 each. Patricia estimates the gross margin at $20. After working with production engineers and the marketing research team, Patricia has designed a bed that she believes the new market segment will purchase $90 for. The production engineers and accountants believe it will cost about $60 to make Your Answer Correct Answer (Used F Crane Designs uses cost-plus pricing and prices most products like the original Pet Bed what should be the price of the night end Pete? (Round answer to decimal process 25,000) (b) IF Crane Designs wants to preserve the existing gross margin percentage, what is the target cost at a market price of $63? (Round answer to decimal places es. 25,000 $ per bed Target cost e Textbook and Media