# Question: can i please get assistance on how to solve this...

###### Question details

Can I please get assistance on how to solve this problem?

Exercise 3-23 (Part Level Submission)

Suppose according to a March 3, 2012, EETimes.com article,
**Apple** enjoyed a 53% gross margin on its iPad2 when
it was first released in March 2011.

Given that the iPad2 sold for $632.00, what was the cost to make it, assuming the 53% gross margin?

Answer: $297.04

In March 2012, the second year of production, the cost of
producing an iPad2 fell to an estimated $247.31. What markup
percentage would Apple need to use to maintain its $632.00 sales
price? **(Round answer to 1 decimal place, e.g.
25.2%.)**

**Answer: ??**