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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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