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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

!
Required information
[The following information applies to the questions displayed below.]
UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have
these characteristics:
The ICU 100 sells for $820 installed, and the ICU 900 sells for $1,530 installed.
Required:
What are the current gross profit margin percentages on both systems?
UR Safe's management believes that it must drop the price on the ICU 100 to $760 and on the ICU 900 to $1,400 to
remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and
then compute the target cost needed for each product to maintain the current gross profit margin percentages.
(For all requirements, round your percentage answers to 2 decimal places (i.e.1234=12.34%) and other answers to the
nearest whole dollar amount.)
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