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As in the previous question, NewVita sells its products to independent wholesalers who then sell to retailers. The wholesalers earn 60% margins and the retailers
As in the previous question, NewVita sells its products to independent wholesalers who then sell to retailers. The wholesalers earn 60% margins and the retailers average 25% margins. Current retail selling price for each pack of vitamins is $20. What is the cost to the WHOLESALER? (Enter your answer in whole dollars. For example enter $20 as 20) Same Hint: Remember, the gross margin for wholesalers and retailers are based on their respective selling price and not the final retail price. You may need to use information provided in a previous question to make your calculations
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