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KidCo has produced a new remote operated toy for children. It costs KidCo $ 4 5 to produce and package each toy. KidCo sells the

KidCo has produced a new remote operated toy for children. It costs KidCo $45 to produce and package each toy. KidCo sells the game to various retailers (e.g., toy stores and discount stores), and sets the wholesale price to achieve a 65% markup on cost. If these retailers, in turn, calculate their price (to consumer) based on a 40% markup on the retail price how much will a consumer pay for the toy? Show your work.
(Hint: make sure that you understand the difference between markup on cost and markup on retail.)

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