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Hello, could you please help me solve Step-by-step these Metrics for Markup and Magin %? Thank you very much! Formulas: Markup % = Selling Price
Hello, could you please help me solve Step-by-step these Metrics for Markup and Magin %? Thank you very much!
Formulas:
Markup % = Selling Price - Variable Costs/ Variable Costs x 100
Margin % = Selling Price - Variable Costs/ Selling Price x 100
- You manufacture hand-held blenders, which you sell to wholesalers, and in turn, they sell to retailers. You have developed a new blender.You know your competitor's product retails for $23 in houseware stores. You know yours is slightly better and are confident your product could sell for $27. Assuming a retail markup of 33% and a wholesale margin of 25%, a) what is the wholesaler's selling price to the nearest cent, and b) for how much to the nearest cent, can you sell the blenders to the wholesaler?
- As a small appliance manufacturer, your cost to manufacture and package your coffee maker is $10 per unit, and sell it to a wholesaler for $19 per unit.The wholesaler has a 25% margin, and retailers typically have a 33% markup on small appliances.To the nearest cent, for what price will your product retail?
- A bearing manufacturer buys raw materials for $.50 per unit, turns the raw materials into a roller bearing, and sells the product to a wholesaler for $1 per unit. The wholesaler sells the bearings to retailers for $2 per unit and finally consumers buy the product for $3 per unit.
- What is the per unit margin in $ (nearest cent) for the manufacturer, wholesaler and retailer?
- What is the per unit margin in % (nearest) for the manufacturer, wholesaler and retailer?
- What is the per unit margin in % (nearest) for the entire chain?
- Harry Rosen's buys its high end suits through a Hong Kong wholesaler. Rosen's best suits retail for $5500, which includes its usual 30% markup on luxury products. The wholesaler's margin is 50%. To the nearest cent, what is the manufacturer's selling price?
- A small manufacturer in Northern Ontario makes all the canoe paddles that are sold in Canada. Each paddle is handcrafted and costs $5 in materials and labour to manufacture. It sells these paddles to a wholesaler specializing in sports equipment after adding a 20% margin. The wholesaler includes a 20% margin when selling retailers like Mountain Equipment Coop (MEC). If MEC marks up sports equipment by 25%, to the nearest cent, what can a consumer expect to pay for a paddle?
- World cycle sells its own branded hybrid bicycles for $700 after adding a 20% markup.It purchases them from a wholesaler specializing in generic hybrids that can be personalized by retailers.The wholesaler adds a 15% margin before selling to the retailer.The manufacturer adds a 20% margin before selling to the wholesaler. To the nearest cent what does it cost the manufacturer to make the hybrid?
- Global Pet Foods sells bully sticks (dog treats) for $4.99 for the medium-sized and $6.99 for the large-sized. Their margin is 30% on the wholesale price. Likewise the wholesaler marks up the manufacturer's selling price by 20%. What is the manufacturer's selling price to the nearest cent for each product?
- Adrianna found beautiful leather purses on a recent trip to Italy that are made by a woman in her home. The Italian woman will sell each bag to Adrianna for $25, to which she will add on a margin of 50%. She knows that she cannot get the distribution she wants by selling them directly, so she intends to use a wholesaler that specializes in imported leather.Their usual margin is 25%.Retailers will add a 30% markup.What can a consumer expect to pay to the nearest cent for each Italian purse?
- Lida Baday is a Toronto-based fashion designer, who also happens to be a Ryerson graduate. A consumer can expect to pay $500 for a Liday Baday dress.That price includes a 25% markup by the retailer and a 20% wholesale margin. To the nearest percent what is Lida Baday's selling price?
- Bajar Greenhouse grows annuals under the President's Choice brand name to be sold in Loblaws stores.Consumers pay $6.99 for a six inch geranium. If Loblaws puts a 22% markup on its garden products, for what price to the nearest cent does Bajar's sell geraniums to Loblaws?
- Loblaws also allows other garden centres to sell its President's Choice geraniums, which they in turn sell to consumers for $7.99.If the other garden centres add a 15% markup to the cost of the geraniums from Loblaws (see Q. 4), what is Loblaw's margin on these geraniums to the nearest percent?
- A screwdriver manufacturer buys raw materials for $1.85 per unit and sells its screwdrivers to a wholesaler for $3.75 per unit.The wholesaler then sells the screwdrivers to retailers for $5.35 per unit, and finally, consumers buy the screwdriver for $7.50 per unit.What is the percent margin per unit to the nearest whole number for the entire chain?
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