UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics:

Design SpecificationsICU 100ICU 900Cost DataVideo cameras 3 1 $105/eaVideo monitors 3 3 $45/eaMotion detectors 3 6 $10/eaFloodlights 1 5 $4/eaAlarms 3 2 $10/eaWiring 680ft. 1,080ft.$0.1/ft.Installation 14hr 24hr$10/hr

The ICU 100 sells for $830 installed, and the ICU 900 sells for $1,540 installed.

Required:

1. What are the current profit margin percentages on both systems?

2. UR Safes management believes that it must drop the price on the ICU 100 to $770 and on the ICU 900 to $1,410 to remain competitive in the market. Recalculate profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current profit margin percentages. (For all requirements, round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.)

		ICU 100		ICU 900
1.	Current profit margin		%		%
2.	Profit margin		%		%
	Target cost