INSTRUCTIONS: - Read the case and answer the following questions. - You will submit your answers in Canvas via the "Homework Assignment \#4: Instructions \& Submission" link. CASE \& QUESTIONS: At the end of February, a key vendor offered a department store buyer a group of 60 dozen acrylic knit tops that are promotionally priced at $96 per dozen. The vendor quoted this low price providing that the buyer bought the entire group. These tops are comparable in quality and styling to similar merchandise purchased before from this vendor at $144 per dozen that sold well at \$25 each earlier in the season with the normal department MU\%. 1. If this new promotional merchandise group purchase were to be retailed at the normal department MU\%, what would be the \$Retail per plece? (4 Points Total) Steps: (a) What is the \$Cost per piece for normal merchandise (present inventory)? (1 Point) (b) What is the normal department MU\% (present inventory)? (1 Point) (c) What is the scost per piece for the new promotionat purchase? (1 Point) (d) What is the SRetail per plece for the new promotional purchase using the normal MU\% calculated in step (b)? (I Point)