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A producer distributed its riding lawn mowers through wholesalers and retailers. The retail price is $800 and the manufacturing cost is $312. The retail markup
A producer distributed its riding lawn mowers through wholesalers and retailers. The retail price is $800 and the manufacturing cost is $312. The retail markup is 35% and the wholesale markup is 20%. What is the cost to the wholesaler? To the retailer? What percent markup did the producer take?
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