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A manufacturer makes a product for $8 and adds a 20% profit on wholesaler purchase price. The wholesaler then sells it for 50% markup based
A manufacturer makes a product for $8 and adds a 20% profit on wholesaler purchase price. The wholesaler then sells it for 50% markup based on manufacturer selling price. The retailer marks it up by 33.33% on wholesaler selling price and sells the product to the consumer. What is the total $ markup in going from manufacturers cost to consumer purchase price, i.e., the $ difference between the two (round to two decimals)?
a. | $8 | |
b. | $12 | |
c. | $5 | |
d. | $6 | |
e. | $10 |
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