answer question 1 and 2.

1) ABC Company has a special product with no real competitors, for that reason they use cost plus pricing. They mark up their cost by 29% to set selling price. The cost of their product is $467. What is the selling price of their product? Round to nearest dollar. 2) Basketball company sells basketballs to sporting goods stores. Sales are expected to be $2,734,676 in February. Basketball Company sets their prices so that they earn an average 51% gross profit on sales revenue. What is budgeted cost of goods sold for February? Round to nearest dollar, Reply