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Manufacturer of electric kettles has a total cost of production of $ 7.25. The manufacturer then sells to a wholesaler who marks up the product

Manufacturer of electric kettles has a total cost of production of $ 7.25. The manufacturer then sells to a wholesaler who marks up the product by 20% and sells to a retailer who marks it up by 25%. Assume that in this case both a wholesaler and a retailer apply a mark-up on price (margin) method. What will be the selling price at a retail level?

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