Please help me understand step by step how to get to the answers provided by my professor 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 3 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 4 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 5 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 6 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 ANSWERS

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Please help me understand step-by-step how to get to the answers provided by my professor: 1.You manufacture hand-held blenders, which you sell to wholesalers, and

Please help me understand step-by-step how to get to the answers provided by my professor:

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?

3.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?

4.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?

5.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?

6.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?

ANSWERS: