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Question 11 (2 points) Clover is a manufacturer of coffee cups. Recently Clover's 'Keep Calm and Drink Coffee mug has been selling exceptionally well. The

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Question 11 (2 points) Clover is a manufacturer of coffee cups. Recently Clover's 'Keep Calm and Drink Coffee" mug has been selling exceptionally well. The cost for Clover to manufacture and package the coffee mug is $2/unit, and the selling price to the wholesaler is $6/unit. You know that the wholesaler's margin is 25%, and that retailers typically take 35% margins on such novelty mugs. What is Clover's 'Keep Calm and Drink Coffee" mug retail price rounded to the nearest whole number? $5 $12 $8 $9

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