Submitted 2 10/10 points awarded Scored Explanation a) The selling price for tank tops will be $89.60 (56 (1+60% )) and the selling price for pullovers will be $105.60 ($66 (1+ (60%)) b) The mark-up on yoga pants is 64.14% ($136 (1-30.00) $95 ($95-$58)/$58=0.64) c) Gross profit margin is calculated with the formula: Print Gross Profit Margin Net Sales Cost of Goods Sold Net Sales Tank Tops Pullovers Sale price 89.60 Cost 56.00 105.60 66.00 Gross Profit 33.60 Gross Profit % 37.50% 39.60 37.50% ((89.60 56.00) / 89.60) ((105.60 66.00) / 105.60) Yoga Pants 95.20 58.00 37.20 39.08% ((95.20 58.00) / 95.20) d) The selling price for tank tops will be $101.82 ($56/(1-45%)). The selling price for pullovers will be $120.00 $(66/(1-45%)) The selling price for yoga pants will be $105.45 $(58/(1-45%)) 69