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Marketing Quiz 1. The Happy Hippy Gift Store sells soap gift baskets to consumers for $20. The soap gift baskets are put together by Bubbles For You Inc. at a cost of $9.50 and then sold to regional wholesalers. The breakeven for Bubbles For You is 50,000 units. Knowing that retailers apply a 25% markup and wholesalers a 15% markup , what should Bubbles For You charge?( Note: Markup is based on the selling price) (3 marks) 2. What net sales are required to obtain a stock tur rate of 8 when the company has an average inventory at cost of $100,000 and a gross margin of 40 percent? (4 marks)