Question
A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $737 and the wholesale price was $334. The
A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $737 and the wholesale price was $334. The manufacturers selling price was $198 and the manufacturing cost was $97. Using the selling-price based method use your work-sheet to determine the mark-up percentages for the retailer.
What is the mark up percentage for the retailer (sales price based)?
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
10th Edition
1292409185, 9781292409184
