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Calculate the target price to earn a 10% markup on skateboards.How much would the manufacturer have to charge the retailer using the following information? Expected

Calculate the target price to earn a 10% markup on skateboards.How much would the manufacturer have to charge the retailer using the following information?

  • Expected unit sales: 100,000 skateboards
  • Price customers willing to pay:$20-25
  • Markup required by retailer:10%
  • Variable costs:$12 per blank board
  • Fixed costs:$500,000
  • Profit required by manufacturer:20%

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