Question
Brand ABC costs $40 to manufacture. Manufacturer margin (markup on price) was 25%, wholesaler margin (markup on price) was 20%, and retailer margin (markup on
Brand ABC costs $40 to manufacture. Manufacturer margin (markup on price) was 25%, wholesaler margin (markup on price) was 20%, and retailer margin (markup on cost) was 50%. What was the final price for the consumer?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To calculate the final price for the consumer we need to apply the markup...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
