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An appliance manufacturer produced a line of small appliances advertised to sell at $30 at retail. The manufacturer planned for wholesalers to receive a 20

An appliance manufacturer produced a line of small appliances advertised to sell at $30 at retail. The manufacturer planned for wholesalers to receive a 20 percent markup, and retailers a 33 1/3 percent markup. Total manufacturing costs were $12 per unit. What did retailers pay for the product? What were the manufacturer’s selling price and percentage markup?

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