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A consumer buys a pair of Dockers mens casual pants for $59.95. The manufacturer's cost is $8.58. The retailers markup on a selling price basis

A consumer buys a pair of Dockers mens casual pants for $59.95. The manufacturer's cost is $8.58. The retailers markup on a selling price basis is 60%. The manufacturers markup on a selling price basis is 50%. (In performing all calculations round off to two decimal places). (a) What is the manufacturers contribution per unit (CPU)?

$11.89

$7.18

$21.77

$15.16

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