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Marketing research has shown that the maximum price that consumers are willing to pay for a 15 cu. ft. freezer chest is $ 750. Specialty

Marketing research has shown that the maximum price that consumers are willing to pay for a 15 cu. ft. freezer chest is $ 750. Specialty appliance stores (retailers) normally have a margin of 40% for such items. The manufacturer sells these items through wholesalers who, in turn, sell appliances to retailers. Wholesalers normally have a margin of 15% for such items. Both retailers and wholesalers in this problem use the retail markup method. What should be the manufacturer's highest selling price? Please type your answer, including the intermediary calculations using the space below.

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