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A manufacturer sells $8/unit to wholesalers who mark up by 20% on retailer purchase price. Afterwards, the retailers mark up by 50.00% on wholesaler selling

A manufacturer sells $8/unit to wholesalers who mark up by 20% on retailer purchase price. Afterwards, the retailers mark up by 50.00% on wholesaler selling price. Here, after rounding to 2 decimals,

a.

Wholesaler %markup on cost is 20%.

b.

Wholesaler %markup on selling price is 25%

c.

Retailer %markup on cost is 50%

d.

Retailer $markup is $5

e.

choices c and d above are both correct.

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