Question
Hello, could you please help me solve Step-by-step these Metrics for Markup and Magin %? Thank you very much! 1. You manufacture hand-held blenders, which
Hello, could you please help me solve Step-by-step these Metrics for Markup and Magin %? Thank you very much!
1. 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?
2.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?
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