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Given the suggested retail price of $2.97 of Twinkies and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser.
Given the suggested retail price of $2.97 of Twinkies and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser. Review the companys overall gross margin. If the product is sold directly to the consumer you may apply the gross margin as calculated. Applying the gross margin percentage to your product sales price, infer the cost of the product. Present your calculations in a supporting table
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